The Dollar D-Day
- Queen's Global Markets
- Aug 28, 2024
- 1 min read
Updated: Dec 21, 2024
Since being crowned as the world’s reserve currency in 1944, the U.S. dollar has dominated the realm of global trade and finance for more than eight decades. However, shifting sentiments and growing BRICS associations hint at challenges to the dominance of the Western nations within global finance and politics. This report will discuss the role and objectives of the BRICS, explore the competitive pressures of a new common currency on the U.S. dollar, and provide an analysis of the feasibility of establishing a new currency.
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