Gold

Challenge

<ul class="news-points">
 <li><strong>BRICS nations are actively working to reduce their reliance on the U.S. dollar.</strong></li>
 <li><strong>Increased gold purchases and the end of the petrodollar agreement signal a potential shift in global financial power.</strong></li>
 <li><strong>China’s non-alignment with BRICS or the IMF adds complexity to the evolving currency landscape.</strong></li>
</ul>
<p>Within the BRICS alliance—comprising Brazil, Russia, India, China, South Africa, Iran, Egypt, Ethiopia, and the United Arab Emirates—a growing movement is underway to diminish the global influence of the U.S. dollar, according to some cryptocurrency analysts.</p>
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   <p lang="en" dir="ltr">I would like to address "Operation Sandman". It is not real. <br><br>The only agreement to dump USD is within BRICS &amp; they have enough firepower already to do it &amp; are actively doing it now. <br><br>Why would you recruit 175 countries when you already have 60 ready to go and 9 BRICS members</p>— Ben Armstrong aka BitBoy Crypto (@BenArmstrongsX) <a href="https://twitter.com/BenArmstrongsX/status/1807109339368337448?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 29, 2024</a>
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<p>This push to lessen reliance on the dollar has gained significant momentum, with BRICS nations actively pursuing strategies to reduce their exposure to the U.S. currency. Analysts point to the substantial gold repatriation efforts by African and Indian nations, who are exc…</p>
<p>The post <a href="https://coinedition.com/brics-nations-challenge-u-s-dollar-hegemony-turning-to-gold-and-alternative-currencies/" rel="noopener noreferrer nofollow">BRICS Nations Challenge U.S. Dollar Hegemony, Turning to Gold and Alternative Currencies</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

BRICS Nations Challenge U.S. Dollar Hegemony, Turning to Gold and Alternative Currencies

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