Despite efforts by Russia, China, and India to reduce dependence on the US dollar, Treasury Secretary Scott Bessent has rejected the idea that BRICS could replace the greenback as the global reserve currency.
With over 30 years of experience in currency markets, Bessent stressed that no other currency currently poses a real threat to the dollar’s dominance.
As BRICS nations push for alternative financial systems, is a shift away from the dollar truly possible—or is its global stronghold unshakable?
Read more here.
