
Despite de-dollarization headlines, BRICS nations depend on Western deficits. Here’s why a BRICS currency faces deep structural limits.

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