Standard Chartered’s Bold Prediction: Can BRICS Actually Dethrone the US Dollar?
Global banking giant Standard Chartered drops a bombshell analysis on dollar dominance—and the numbers might surprise you.
The BRICS Challenge
Five emerging economies versus the world's reserve currency. Standard Chartered's research team just put concrete numbers behind what many have speculated—BRICS nations are making serious moves to reduce dollar dependency. Their latest report details exactly how much ground the greenback could lose in international trade settlements.
Not If, But When
The analysis suggests we're looking at a fundamental shift in global finance architecture. Central bank reserves, commodity pricing, cross-border payments—every pillar of dollar hegemony faces coordinated pressure from the expanding BRICS+ bloc. The timeline might be measured in years rather than months, but the direction appears set.
Of course, Wall Street veterans will tell you predicting currency revolutions is like forecasting weather—everyone talks about it but nobody does anything about it. Still, when a bank with Standard Chartered's emerging markets pedigree speaks, even dollar bulls should listen.
BRICS: US Dollar is Being Questioned, But Might Not Get Replaced: Standard Chartered
The Standard Chartered’s Global Head explained that the US dollar is being questioned, but BRICS can never replace it.he said in a recent interview. He stressed that many countries are moving away from the greenback as the WHITE House is weaponizing the currency.
he said. The Standard Chartered’s MD revealed that Russia’s exclusion from SWIFT kick-started the angst against the US dollar.
Exclusion of Russian banks from SWIFThe explained. This makes the policies of the US lopsided, with little to no trust from emerging economies. This is among the reasons why BRICS is aiming to topple the US dollar.
However, the Standard Chartered expert stressed that the de-dollarization trend from BRICS does not mean the collapse of the US dollar. According to his analysis,he summed it up.
