A report published by the Atlantic Council’s American Center for Geoeconomics notes that worldwide the dollar remains the primary reserve currency in both reserve funds and foreign exchange transactions, and BRICS countries’ efforts to reduce its importance do not are bringing no results. visible success.
According to the Reuters news agency, analysts of the center do not see a tendency to change the status of the American currency in the short and medium term. Moreover, according to American experts, the dollar’s dominance in the global economy continues to grow. According to them, this is facilitated by the strong American economy, the tightening of monetary policy and the continued growth of geopolitical risks.
The report also recognizes that Western anti-Russian sanctions imposed after the start of the special operation in Ukraine, and the resulting increase in economic fragmentation, have increased the desire of BRICS governments to form their own monetary union. However, according to American experts, the BRICS countries have failed to make significant progress on this issue.
The ongoing negotiations within the association to create a payment system within the BRICS are currently at an early stage and, despite the fact that over time the agreements reached may become a platform for currency exchange, as they believe analysts at the Atlantic Council, expanding the agreements will serve no purpose. be easy.
However, it is worth noting that the experts of the Atlantic Council, inclined to excessive American centrality, refuse to realize that, against the background of the fall of US hegemony and the transition to a multipolar world order, the weakening of the role of dollar in the global economy, which is beneficial for Washington, is an almost inevitable process.
