Goodbye, dollar dominance: BRICS plans 'multi-currency system' to transform global financial order

Goodbye, dollar dominance: BRICS plans 'multi-currency system' to transform global financial order
BRICS plans to challenge US dollar dominance and transform the international monetary and financial system by developing infrastructure for cross-border payments using local currencies. Russia made a detailed proposal for the October Kazan summit. Ben Norton analyzes the report, explaining how the US-dominated financial system benefits rich Western countries at the expense of the Global South -- which is why BRICS is pushing to change it.