Iran-Russia Deal and the Expansion of BRICS Spells Demise of the Dollar

Iran-Russia deal, BRICS expansion spell dollar demise In a recent op-ed for the Foreign Policy magazine, former White House economist Joe Sullivan warned that a BRICS currency could topple the dollar and put it in a similar position as the British pound, which slipped from international dominance in the 1800s.   Iran and Russia have finalized an agreement to trade in their local currencies instead of the US dollar. Last week, Iran and Russia announced to have finalized an agreement to trade in their local currencies instead of the US dollar. The agreement signed during a meeting between the governors…