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 <p>The <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> alliance is confident that the soon-to-be-released currency will grow more attractive than the U.S. dollar. <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> is self-assured that a handful of developing countries will accept the new currency for cross-border transactions after it is launched in the global markets. If developing countries start using <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currency, transactions in the U.S. dollar for international trade will come to a halt. The development will prove disastrous to the U.S. economy as billions of dollars will come back to the homeland.</p>
 <p><strong>Also Read: BRICS: Iraq to Ditch US Dollar for Imported Goods</strong></p>
 <p>If the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currency takes a large share of the global transactions, the U.S. dollar will find it hard to fund its deficit. If billions worth of USD come home, it would begin to circulate in the U.S. economy leading to inflation. Prices of day-to-day commodities could skyrocket and also lead to job cuts in the employment market across America.</p>
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 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a>: ING Bank Predicts Future of the U.S. Dollar</strong></p>
 <h2 class="wp-block-heading" id="h-brics-currency-will-outgrow-u-s-dollar-says-economist-turned-minister">BRICS Currency Will Outgrow U.S. Dollar, Says Economist-Turned-Minister</h2>
 <figure class="wp-block-image size-full"><img decoding="async" width="1000" height="563" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="US dollar Chinese Yuan BRICS Currency" class="wp-image-104548 ewww_webp" sizes="(max-width: 1000px) 100vw, 1000px" data-src-img="https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp 1000w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp 380w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp 550w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp.webp 800w" data-srcset-img="https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 1000w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 380w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 550w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 800w" data-eio="j">
  <noscript><img decoding="async" width="1000" height="563" src="https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp" alt="US dollar Chinese Yuan BRICS Currency" class="wp-image-104548" srcset="https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 1000w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 300w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 768w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 380w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 550w, https://cdn.thebittimes.com/images/2023/11/18/69bc1e56e6a72cb8b03e8b7d66dc005a.webp 800w" sizes="(max-width: 1000px) 100vw, 1000px">
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   Source: thecradle.co
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 <p>Russia’s former advisor to President Putin, Sergey Glazyev, highlighted the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currency’s ambitious agenda to take on the U.S. dollar. The economist-turned-politician confirmed that the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currency is <strong>“almost ready”</strong> and needs approval from member countries. Glazyev predicted that the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currency could grow to become more attractive than the U.S. dollar, Pound, and Euro.</p>
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 <p><strong>Also Read: BRICS: 155 Countries Sign Belt &amp; Road Initiative With China For Trade</strong></p>
 <p>The minister revealed that the currency will be made of a basket of national currencies that will also help native economies to thrive. He explained that it will also be linked to the commodity exchange market after its release. Glazyev said that the <a rel="noopener noreferrer nofollow" title="BRICS" href="https://thebittimes.com/tag/brics.html">BRICS</a> currency will be stable and will help developing countries to de-dollarize their native economies.</p>
 <p><strong>“It is based not only on a basket of national currencies of the member countries but also on a basket of exchange commodities,”</strong> he said. The minister added, <strong>“The model shows that this currency will be very stable and much more attractive than the dollar, pound, and euro,”</strong> he summed it up.</p>
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<div class="cs-entry__tags">
 <ul>
  <li>BRICS</li>
  <li>BRICS Currency</li>
  <li>US DOLLAR</li>
 </ul>
</div>
<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/brics-currency-to-become-more-attractive-than-the-u-s-dollar-tbt70792.html">https://thebittimes.com/brics-currency-to-become-more-attractive-than-the-u-s-dollar-tbt70792.html</a></p>

BRICS Currency To Become More Attractive Than the U.S. Dollar

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