
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

A BRICS currency is unlikely to replace the dollar. See the trade, yuan, capital-control, and global-liquidity barriers behind 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