Russia's Putin Says US Dollar Losing Global Role; Bitcoin To Gain?
Also Read: XRP Lawyer: Coinbase May Have Acquired Ripple Too? advertisement BRICS, a group of five emerging economies Brazil, Russia, India, China, and South Africa, is said to be working on a common currency to counter the US Dollar dominance. Putin: US Dollar Losing Global Role Earlier, reports quoted Russia n President Putin as saying that the US dollar is losing its global role in an “objective and irreversible” process. Last week, CoinGape reported former US President Donald Trump’s warning on the threat to the Dollar’s global position. He warned that the BRICS group’s aggressive moves towards dedollarization could be a massive threat. The Russia n president had reportedly attended the BRICS 2023 in Johannesburg through video conference from Moscow. He also credited the success of reducing US Dollar’s share of member states trade to the BRICS Group. The share of US Dollar in international trade declined to 28.7 per...