There is no doubt anymore. The BRICS countries are working hard to dethrone the dollar.
So far, the BRICS summit has mostly been a vast political stunt show, not unlike other meetings where international political figures shake hands and rub elbows. However, that should not lead anyone to believe that BRICS is not moving forward as a credible economic sphere with gradually growing independence of Europe and North America.
On the contrary, all signs point to a continuation of de-dollarization initiatives that began more than a decade ago. These initiatives are paying off, with the BRICS group growing in popularity. According to Al Jazeera, there are some 40 countries aspiring to join the group,
