The BRICS summit focused on reducing dependence on the U.S. Dollar, with discussions on alternative payment options and the establishment of a BRICS Grain Exchange.
BRICS nations, led by China and India, have surpassed the G7 in global GDP at purchasing power parity, highlighting their growing economic influence.
Gold reserves have reached a 30-year high, driven by BRICS nations, signaling potential shifts in global monetary influence.
While the BRICS nations are making strides towards de-dollarization, the U.S. dollar's position is unlikely to weaken abruptly.