11min chapter

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BRICS in Focus: A Conversation with Dr. Mihaela Papa

ChinaPower

CHAPTER

BRICS and the De-Dollarization Challenge

This chapter examines the efforts of BRICS nations to counter the U.S. dollar's dominance in global finance by promoting local currencies and developing new financial strategies. It discusses the complexities of de-dollarization, including Brazil's pivotal role in crafting an international payment system and the group's dynamics amidst geopolitical tensions. Through analyzing the relationships between key BRICS members and their collective stance on global governance, the chapter evaluates the coalition's effectiveness and future potential.

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