Nothing Big Enough To Topple US Dollar Dominance Just Yet, According to Central Bank of Brazil Director: Report
2025-07-04 04:08:45
Description
Brazil’s central bank reportedly believes that the US dollar will maintain its position as the world’s leading currency over the next decade. According to Reuters , the central bank’s monetary policy director, Nilton David, says that the financial institution does not expect the BRICS group of emerging nations to create markets large enough to topple the US dollar’s dominance within 10 years. David says that BRICS-denominated assets currently do not have meaningful stock to offset the US dollar....
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