US dollar's dominance secure, BRICS see no progress on de-dollarization -report By Reuters A new study by the Atlantic Council’s GeoEconomics Center reveals that the U.S. dollar remains the world’s dominant reserve currency, with neither the euro nor BRICS countries making significant progress in reducing global reliance on the dollar. The “Dollar Dominance Monitor” highlights the dollar’s continued supremacy in foreign reserve holdings, trade invoicing, and currency transactions. Despite efforts by BRICS to shift towards other currencies, particularly accelerated by Western sanctions on Russia, the group has not advanced in its de-dollarization initiatives. The robust U.S. economy, tighter monetary policy, and geopolitical risks have further solidified the dollar’s dominant role. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Banks Under Pressure: Rising Concerns Over Commercial Real Estate Exposures READ MORE China's Gold Demand Lags Behind Global Trends in August READ MORE Gold's Golden January: Historical Trends Suggest a Shiny Start to 2024 READ MORE CNA- Money Mind: What's Driving Up Gold Prices Despite A Strong US Dollar & Stock Market? READ MORE Gold Market ETF Demand Hits Two-Year Peak READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment