What Are the Dangers of the Middle East Accepting BRICS Currency?
Saudi Arabia and other oil-rich Middle East countries are looking to join the BRICS alliance and accept the new currency. The UAE, Bahrain, Egypt, and Algeria, along with Iraq and Iran have expressed interest to join the bloc. The move could spell doom to the U.S. dollar as oil exporting nations would begin to accept BRICS currency for cross-border trade and not the USD. The stakes are high as the dollar is on the verge of collapse with many countries interested in BRICS tender. Also Read: Europe Might Get Ready To Accept BRICS Currency So what happens if Saudi Arabia , the UAE, and other oil-rich Middle East countries ditch the U.S. dollar and accept BRICS currency? How hard will the dollar fall and will its place as the global reserve currency come to an end? In this article, we will highlight what could happen to the U.S. dollar if the Middle East accepts BRICS currency. What Happens to the U.S. Dollar if Middle East Accepts BRICS Currency? Source: (Bandar Aljal...