BTCC
/
BTCC Square
/
Global Cryptocurrency
/
BRICS: Analyst Calls US Dollar ‘Grossly Overvalued’ & Here’s Why
BRICS: Analyst Calls US Dollar ‘Grossly Overvalued’ & Here’s Why
19
2
The last two years have seen the global south orchestrate its very own de-dollarization initiative. Seeking to promote local currencies, was a way to combat the growing influence the West had on global finance. Although the greenback has maintained much of its strength amid BRICS action, one analyst has called the US dollar “grossly overvalued.” The sentiment is tied to the overwhelming influence that the US dollar maintains. Currently, the state of Mississippi, the poorest state in the country, is richer per capita than either the United Kingdom or Japan. Although the reason for this reality can be debated, one economist notes it is likely due to the overwhelming overvaluation of the currency.
Previous
AICoin AI News: Ozak AI Completes Stage 1 Development with Successful AI-Blockchain Integration
Next
US Dollar Called ‘Overvalued’ by Economist: Can That Push BRICS De-Dollarization?
