Can A Mock-Up Banknote Threaten The US Dollar Legacy?
The US dollar is once again in the news, primarily because it continues to fuel speculation about whether it will be able to keep up with the current multipolar world order. As the majority of countries vow to promote their local currencies, the US dollar is now standing at a very precarious threshold. In addition to this, at the recent BRICS summit, a mockup banknote of the special BRICS currency was introduced to Vladimir Putin, sparking debates on whether the end of the dollar is truly near. Also Read: Microsoft Shareholders to Vote on Bitcoin Investment Despite Board’s Warning A New Challenge To The US Dollar Emerges Image Source: Watcher Guru The recent BRICS Summit, held in Kazan, Russia, was the epitome of power and prestige. With all leading global leaders sitting at the grand round table discussing world politics, the development exuded power at its best. Amid it, a new contender challenging the US dollar also made its first official appearance. The BRICS banknote, dubbed the ...