Trump’s Accusations: BRICS and the Global Financial Order
Former U.S. President Donald TRUMP has accused the BRICS coalition—comprising Brazil, Russia, India, China, and South Africa—of attempting to undermine the dominance of the U.S. dollar. The Kremlin swiftly denied these claims, emphasizing that the bloc's focus is on economic cooperation rather than currency destabilization. Dmitry Peskov, a spokesperson for the Russian government, reiterated that BRICS does not target any specific foreign currency.
Despite these denials, initiatives like BRICS Pay and efforts by China to reduce dollar dependency suggest a quiet push for monetary diversification. The tension highlights broader questions about the future of the dollar-centric financial system and the role of emerging economies in reshaping it.
