BRICS isn’t killing the dollar. The world is learning to live without it - The Economic Times
BRICS isn’t killing the dollar. The world is learning to live without it - The Economic Times
Source: The Economic Times
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DW NOTE
BRICS nations settled 23% of cross-border trade in non-dollar currencies in Q2 2026, up from 14% a year earlier — the shift isn't rhetorical anymore. The dollar's reserve share has fallen to 58% from 71% in 1999, not because BRICS built an alternative system, but because Washington spent two decades weaponising Swift and bond markets while running deficits that now exceed 6% of GDP with rates rising.