BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says
Getty ImagesUS policymakers should be concerned about a BRICS-led dedollarization, Thomas Hill wrote for the Atlantic Council. "Collectively, the expanded BRICS network via these trade organization connections now eclipses 90 countries." "By including Egypt, BRICS can influence Algerian and Tunisian de-dollarization through Egyptian leadership inside existing trade regimes. "Collectively, the expanded BRICS network via these trade organization connections now eclipses 90 countries." "For US policymakers, the BRICS de-dollarization effort should cause concern," he said, adding that the federal government needs an interagency process with backing from lawmakers.
Source: The North Africa Journal December 18, 2023 04:06 UTC
