After BRICS Expansion: 3 New Countries Eye Launching Own Currency, Fueling De-Dollarization

The recent BRICS expansion has ignited a global discussion about alternative financial systems and the potential decline of the US dollar's dominance. Now, following BRICS' lead, three new countries in Africa are ready to launch their own currency, further accelerating the de-dollarization trend.

This move comes as BRICS has now inspired new alliances to break away from the US dollar and launch new currencies. This initiative aims to foster greater economic independence and reduce reliance on the US dollar for international trade and reserves. It has now inspired a new counterpart that is also aiming to replicate the development and further the de-dollarization agenda. Similar to the BRICS ideology, three countries in Africa are exploring this route.

Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known as a weakening of its global influence. The creation of a new currency, backed by the economic power of participating nations, could provide a viable alternative for international transactions and reserve holdings.

Read here to know how many sectors in the US will be affected if many countries embrace this shift away from the dollar. From trade to investment, the implications for the US economy could be substantial. The rise of alternative currencies and the de-dollarization movement represent a significant challenge to the existing global financial order. Stay informed about these developments and their potential impact on the global economy.