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The World Bank’s insufficient contribution towards Africa could be a cause for them to accept the BRICS idea of de-dollarization. Inducting Ethiopia could be the first step for BRICS to extend BRICS has inspired Zambia to ditch the US dollar and many more African countries could follow suit. The de-dollarization agenda is accelerating in 2025 and could gain Trump's latest warning comes as BRICS remains resolute in its plans to reduce reliance on the U.S. dollar as the dominant currency for global transactions. The bloc The long-term monetary goals of the BRICS bloc comprising Brazil, Russia, India, China, and South Africa, with new members such as Egypt, Iran, Ethiopia, and the UAE Given the recent expansion of the “BRICs” countries to include five new members, will the US dollar remain the world’s reserve currency? Franklin Templeton

BRICS Africa: Ditching the US Dollar as World Bank Funding Falters?

Is Africa poised to abandon the US dollar in favor of a BRICS-led alternative? Growing frustration with traditional Western financial institutions, particularly the World Bank, could be a major catalyst. The World Bank’s insufficient contribution towards Africa could be a cause for them to accept the BRICS idea of de-dollarization. Many African nations are seeking greater financial independence and are exploring alternatives to the existing global financial system.

The Rise of BRICS in Africa: De-dollarization Gaining Momentum

The long-term monetary goals of the BRICS bloc comprising Brazil, Russia, India, China, and South Africa, with new members such as Egypt, Iran, Ethiopia, and the UAE are becoming increasingly appealing to African nations. This shift is fueled by a desire for greater control over their economies and a reduction in their reliance on the US dollar.

Inducting Ethiopia could be the first step for BRICS to extend its influence across the continent. BRICS has inspired Zambia to ditch the US dollar and many more African countries could follow suit. The de-dollarization agenda is accelerating in 2025 and the implications for global finance are significant.

Trump's Warning and BRICS Resolve

Trump's latest warning comes as BRICS remains resolute in its plans to reduce reliance on the U.S. dollar as the dominant currency for global transactions. The bloc is actively promoting the use of local currencies in trade and investment, further undermining the dollar's dominance.

Will the US Dollar Remain King? Franklin Templeton Weighs In

Given the recent expansion of the “BRICs” countries to include five new members, will the US dollar remain the world’s reserve currency? Franklin Templeton, along with many other financial experts, are closely watching the evolving dynamics of the global financial landscape. The rise of BRICS and its de-dollarization efforts present a significant challenge to the established order and could reshape the future of international finance. The potential for African nations to embrace BRICS alternatives could accelerate this shift, leading to a multipolar currency system in the years to come.

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