Brazil, Russia, India, China and South Africa, together known as the BRICS nations, discussed de-dollarization at a summit last August.
That group is gaining global heft after inviting key oil-producing nations Saudi Arabia and the United Arab Emirates, along with others in an expansion move this year.
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- BRICS nations lead global debate over reducing dollar exposure
- Trump says Biden policies undermining respect for US currency
Another funny economic idea: Donald Trump's econ advisers discuss penalties for nations that de-dollarize. BRICS nations lead global debate over reducing dollar exposure. #China has reduced holdings of US Treasuries to $775bn, down from ATH of $1.3tn. bloomberg.com/news/articles/
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