BRICS could smash dollar dominance, Jim O’Neill tells RT ...News

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BRICS could smash dollar dominance, Jim O’Neill tells RT
source : Russia Today ( News ) () 53
The five emerging nations have already outpaced the G7 in economic growth, the prominent economist has noted The status of the US dollar as the kingpin currency could be challenged with time and under certain circumstances by the BRICS group of emerging countries, according to Jim O’Neill, the former Chairman of Goldman Sachs Asset Management. O’Neill coined the term BRIC – later expanded to include South Africa – and at the time predicted that the four emerging countries (Brazil, Russia, India, and China) were on their way to reshaping the world economy. “The idea that the dollar will remain king forever, I think

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