Ex-State Department Official Says BRICS-Led De-dollarization Should Alarm US

Benzinga - Former U.S. State Department official Thomas Hill warned that the expansion of the BRICS consortium could potentially speed up the global de-dollarization process, posing a significant concern for the U.S..

What Happened: The inclusion of new members in BRICS (Brazil, Russia, India, China, South Africa) may intensify the global shift away from the U.S. dollar, reported Business Insider.