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Can BRICS challenge the US dollar's global financial dominance?
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Can BRICS challenge the US dollar's global financial dominance?
The United States Treasury Secretary, Scott Bessent, has dismissed the possibility of any currency challenging the US dollar’s dominance in the global financial system. His remarks, delivered during a Fox Business interview, come amid increased efforts by the BRICS nations to reduce reliance on Western currencies in international trade. Despite this trend, Bessent asserted that there is “no alternative to the dollar,” downplaying efforts by coun…
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