BRICS Poised to Challenge Dollar Dominance in 2024 as De-Dollarization Efforts Accelerate
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The US dollar is predicted to decline in 2024, providing an opportunity for BRICS to advance its de-dollarization efforts.
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A BRICS currency is expected to be announced at the 2024 BRICS summit hosted by Russia, shifting the global power balance.
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The BRICS bloc expanded by inviting 6 new countries to join at the 2023 summit, with their membership to be made official in 2024.
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Russia and Saudi Arabia's oil markets are poised to bounce back in 2024, ensuring a multipolar power balance.
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Countries are already moving away from the US dollar in 2022, with tangible effects expected in 2024 as BRICS de-dollarization plans accelerate.