BRICS Alliance Moves Toward Launching Own Currency to Rival Dollar
• BRICS plans to establish its own currency to reduce dependence on US dollar • Expansion of BRICS in 2024 with new members like Saudi Arabia and UAE provides financial backing for currency • Iran stated intention to help create BRICS currency to ditch US dollar after joining BRICS+ • Opinions differ on implications but prevalence of currency discussions amid BRICS alliance dialogues • Currency may debut in 2024 but development may go beyond 2024 to get all interested nations on board