Russia Threatening Dollar With Alternative Global Currency


BRICS Worthy Christian News

By Stefan J. Bos, Chief International Correspondent Worthy News

MOSCOW (Worthy News) – Russia says it wants to develop a new global reserve currency with China and “other BRICS nations,” in a significant challenge to the dominance of the U.S. dollar.

BRICS has come to include the five major emerging economies Brazil, Russia, India, China, and South Africa.

Russian President Vladimir Putin told the BRICS Business Forum that the “matter of creating the international reserve currency based on the basket of currencies of our countries is under review.” He added that “We are ready to openly work with all fair partners.”

The announcement published Friday was to add to East-West tensions fueled by the Russian invasion of Ukraine, which seeks closer ties with the European Union and NATO military alliance.

The dollar has long been seen as the world’s reserve currency, but experts say its dominance in share of international currency reserves is waning.

Central banks are looking to diversify their holdings into currencies like the yuan, as well as into non-traditional areas like the Swedish krona and the South Korean won, according to the International Monetary Fund.

We're being CENSORED ... HELP get the WORD OUT! SHARE!!!

Latest Worthy News

British and Dutch Artists Caught in Anti-Jewish Sentiments
Iran Deployed Bot Network to Undermine U.S. Support for Military Action
Trump Announces Israel Agrees to 60-Day Ceasefire Framework, Urges Hamas to Accept Final Deal
U.S. Approves $510 Million Precision Bomb Kit Sale to Israel Following Strikes on Iran
Israel Unveils Upgraded “Arrow 4” Missile Defense System
Trump Expects Gaza Ceasefire Deal as Netanyahu Heads to Washington
Trump and DeSantis Unveil “Alligator Alcatraz” Immigration Detention Facility in Florida Everglades
Senate Passes Trump’s ‘One Big Beautiful Bill Act’ After All-Night Vote-a-Rama, Setting Up House Showdown
Evangelist Jimmy Swaggart Dies At 90 (Worthy News In-Depth)
Copyright 1999-2025 Worthy News. All rights reserved.

If you are interested in articles produced by Worthy News, please check out our FREE sydication service available to churches or online Christian ministries. To find out more, visit Worthy Plugins.

Worthy Christian News