International group makes bold move to challenge dominance of US currency: 'Leaving the dollar behind'

International group makes bold move to challenge dominance of US currency: 'Leaving the dollar behind'

BRICS nations have unveiled a working prototype of a gold-backed digital currency, the "unit," as part of their effort to reduce reliance on the U.S. dollar. The unit is gaining attention from policymakers worldwide, according to bne IntelliNews. The BRICS group, including Brazil, Russia, India, China, South Africa, and several newer member states, has expressed concerns about the risks of the dollar-dominated financial system, particularly afte…