After BRICS, 3 New Countries Ready To Launch Own Currency
BRICS is not the only alliance that is looking to topple the US dollar as the world’s reserve currency. It has now inspired a new counterpart that is also aiming to replicate the development and further the De-dollarization agenda. Similar to the BRICS ideology, three countries in Africa are planning to launch a new currency and sideline the US dollar for trade settlements. Also Read: 3 U.S. Sectors To Be Affected If BRICS Ditches the Dollar A trio of countries in Africa – Niger, Mali, and Burkina Faso are planning on the formation of a new currency. All three countries are former French colonies that have experienced military coups in recent years. The trio of nations are currently being governed by military regimes. They are now taking a leaf from the BRICS playbook with the idea of launching a new currency. BRICS: 3 African Countries Plan On Launching New Currency Source: Reuters The three African countries have also formed a new defense alliance called ...