don't confuse me-----I don't understand economics------I prefer trading
in sea shells
They want to change the world's reserve currency to theirs or another............The Dollar is the current World's reserve currency..........it is tied to Oil...........
They want to kill the dollar................
There is no such thing as world's reserved currency. Most of them (BRICS) were pretty happy trading in dollars until recently. China and Russia both took a shortcut to economic growth by riding the dollar. However, this dependency on dollar made them vulnerable to US sanctions. So they decided to come up with an alternative to trading in dollar. Not all BRICS nations have bilateral trade in their own currencies. Some still do trade in dollar. BRICS is a trading block similar to SCO. It was not designed to promote or demote a currency.
India feels that its currency is seriously undervalued under current world order. Therefore, it undermines its purchasing power in the international market. As a result, India has been looking to promote trade in Indian rupee for quite sometime now. It is nothing new. It is just that only in past few years, more and more countries have come forward to trade with India in rupee or in their own currencies.
I cannot speak for the rest of the BRICS nations. As far as India is concerned, it maintains friendly disposition towards US.
