Can the BRICS Dethrone the US Dollar?

Speculation over the role of the US dollar as the global financial system’s preferred reserve currency has ignited again, this time after the BRICS nations' announcement that they intend to create a new common currency for trade and investment. Why is the global economy so reliant on the dollar, and what would be involved in replacing it? Presented by ‪@cmegroup‬: https://www.cmegroup.com/openmarkets/...
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