As the Iran war exposes the limits of US power, BRICS nations accelerate efforts to bypass the dollar. The rise of BRICS Pay and India’s CBDC proposal signals a shift toward financial multipolarity. Growing geopolitical instability is reshaping global payment systems and currency alignments.
Uriel Araujo, Anthropology PhD, is a social scientist specializing in ethnic and religious conflicts, with extensive research on geopolitical dynamics and cultural interactions.
The long-anticipated erosion of dollar dominance is now a work in progress. The latest developments surrounding BRICS Pay and the proposal by the Reserve Bank of India (RBI) to…
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