this post was submitted on 02 Oct 2023

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BRICS: 21 Countries Officially Agree to Ditch the US Dollar in 2023 (watcher.guru)

submitted 1 year ago by cuenca@lemm.ee to c/worldnews@lemmy.ml

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[–] Tarte@kbin.social 6 points 1 year ago* (last edited 1 year ago) (1 children)

plans for reducing reliance (i.e. ditching)

Plans for reducing reliance and ditching are two very different things.

[–] zephyreks@programming.dev 1 points 1 year ago

They're ditching the USD's role as the global reserve currency. Any reduction in reliance on the USD directly impacts the USD's role as a reserve currency.

You don't have to go "I'm never touching the USD again" to ditch it in it's key use case.