Is the reign of the US dollar coming to an end? The buzz around a potential BRICS currency is growing, with analysts debating whether the US dollar will die if the BRICS nations launch a new alternative. Renowned personal finance author Robert Kiyosaki, of ‘Rich Dad Poor Dad’ fame, has predicted that the U.S. dollar “will die” if BRICS launch their new currency. The possibility raises crucial questions about the future of global finance.

BRICS Currency: A Threat to the US Dollar\'s Dominance?

The core argument revolves around whether the BRICS nations should establish a new reserve currency. If they do, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what\'s known as de-dollarization. Franklin Templeton analysts are closely watching the developments, particularly given the recent expansion of the “BRICs” countries to include five new members, pondering whether the US dollar will remain the world’s reserve currency.

India\'s Stance on De-dollarization

Amidst the speculation, it\'s important to note India\'s official position. After Trump’s recent remarks on the issue, Foreign Minister S. Jaishankar clarified that “India has never been for de-dollarization; right now, there is no proposal to have a BRICS currency." This nuance highlights the complex dynamics at play and the varying viewpoints within the BRICS alliance.

Analyzing the Potential Impact

The central question remains: Should the BRICS nations establish a new reserve currency, what would be the consequences? The most significant potential impact on the US dollar would likely significantly impact the US dollar, potentially leading to a decline in demand, or what\'s known as a shift in global economic power. This isn\'t just about a new currency; it\'s about a potential reshaping of the international financial landscape. Will the US dollar die a sudden death, or will it be a gradual decline? Experts are divided, and the coming years will be crucial in determining the dollar\'s fate.