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BRICS Summit and the Future of Global Currency
This chapter examines the outcomes of the recent BRICS summit, emphasizing Russia's push for an alternative payment system to reduce dependence on the U.S. dollar. It discusses the concerns among BRICS nations about the implications of this shift for their relations with the West and the potential rise of Bitcoin as a new currency. Additionally, the chapter explores the historical context of the dollar's dominance and the evolving dynamics in global finance amidst increasing interest in alternatives.