Russia and the rest of BRICS (Brazil India China South Africa are set to name a new currency to end
dollar dominance in international finance: reserve and payment system Such a move can be detrimental
to the stability of the dollar as USA is experiencing: high inflation, high govt budget deficit high
level of public debt ($30 trillion) Its all ready printing more money - and for as long as money it is printing is being absorbed by the rest of world as payment for oil and other goods its value would remain stable as a thing of value of choice.
When it is no longer used as reserve as payment currency, the dollar being printed will be piling up in USA and trigger hyperinflation as in Nigeria Sri Lanka, and Venenzuela
BRICS sees decline in importance of dollar in international finance. Others see this as a move in warfare by USA to end US dominance.
Others see USA initiating war to end economic dominance of the countries being invaded or threat to the dollar.
