
A proposed BRICS currency faces a fatal flaw: BRICS nations structurally depend on U.S. trade deficits to absorb export surpluses. Why de-dollarization won't work

BRICS headlines now focus on a gold-anchored “unit,” but it’s not a true currency—and capital controls, surpluses, and the yuan limit de-dollarization.

Despite de-dollarization headlines, BRICS nations face deep trade imbalances. Here’s how a BRICS currency could work - and why it’s unlikely to replace the USD