Dollar Hegemony Under Siege: The BRICS Challenge The impending BRICS summit in India is set to be a defining moment for the global economy.
The grouping's leaders are preparing to take on the US dollar's stranglehold on international trade and finance, which has long been criticized by emerging markets as limiting economic growth and hindering development.
The Rise of the Challengers Russian President Vladimir Putin and Iranian President Ebrahim Raisi have been vocal critics of US dollar dominance.