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WASHINGTON (Reuters) - The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to Despite the work of the BRICS alliance over the past several years, a shocking new report shows no de-dollarization progress. The Atlantic Council’s GeoEconomics Center has published a De-dollarization, a major ambition of the BRICS, has just suffered an unexpected setback. Despite years of concerted efforts to erode the dominance of the US THE US dollar remains the world’s primary reserve currency, and neither the euro nor the so-called Brics countries have been able to reduce global reliance on the US Despite the work of the BRICS alliance over the past several years, a shocking new report shows no de-dollarization progress. The Atlantic Council’s WASHINGTON, June 25 (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce

BRICS De-Dollarization Dreams Dented: Shocking Report Reveals No Progress

A shocking new report reveals that despite years of efforts, the BRICS alliance has made virtually no progress in reducing the world's reliance on the US dollar. De-dollarization, a major ambition of the BRICS nations (Brazil, Russia, India, China, and South Africa), has suffered an unexpected setback, according to analysis from leading think tanks.

WASHINGTON (Reuters) - The U.S. dollar remains the world's primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to diminish its global dominance. The Atlantic Council’s GeoEconomics Center has published findings indicating that, contrary to some expectations, the US dollar remains unshakeable.

US Dollar's Reign Continues: BRICS Efforts Fall Short

Despite the work of the BRICS alliance over the past several years, this concerning, shocking new report shows no de-dollarization progress. This development contradicts claims of a shifting global financial landscape and raises questions about the BRICS' ability to challenge the dollar's established position.

THE US dollar remains the world’s primary reserve currency, and neither the euro nor the so-called Brics countries have been able to reduce global reliance on the US, despite their collective economic power. The report specifically highlights the limitations of BRICS initiatives in altering trade settlements and reserve holdings away from the dollar.

Impact and Analysis of Failed De-Dollarization

The implications of this lack of progress are significant. It reinforces the dollar's stability in times of global uncertainty and underscores the challenges faced by nations seeking to diversify their financial systems. Analysts are closely watching how the BRICS will respond to this setback and whether they will adjust their strategies to achieve their de-dollarization goals.

Despite the work of the BRICS alliance over the past several years, a shocking new report shows no de-dollarization progress. The Atlantic Council’s findings are based on in-depth analysis of global financial flows, trade data, and reserve currency composition. The report concludes that structural factors and network effects continue to favor the dollar's dominance.

WASHINGTON, June 25 (Reuters) – The U.S. dollar remains the world’s primary reserve currency, and neither the euro nor the so-called BRICS countries have been able to reduce its influence. This latest assessment provides a reality check for those anticipating a rapid shift away from the dollar-centric global financial system.

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