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Why A BRICS Currency Won’t Beat The Dollar
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Why A BRICS Currency Won’t Beat The Dollar
I am hearing the rumor again: the BRICS countries plan to launch a single currency to dethrone the US dollar as the world’s reserve currency. As CEO of LifeGoal Wealth Advisors and a CIMA and CFP, I spend a lot of time cutting through financial noise. This idea keeps resurfacing, and it keeps missing the basics. The dollar is not perfect, but it holds its spot for clear reasons. A single BRICS currency does not solve those reasons. It runs into …
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