INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT International Peer Reviewed & Refereed Journals, Open Access Journal ISSN Approved Journal No: 2456-4184 | Impact factor: 8.76 | ESTD Year: 2016
Scholarly open access journals, Peer-reviewed, and Refereed Journals, Impact factor 8.76 (Calculate by google scholar and Semantic Scholar | AI-Powered Research Tool) , Multidisciplinary, Monthly, Indexing in all major database & Metadata, Citation Generator, Digital Object Identifier(DOI)
The dynamics of currencies have become a crucial aspect in defining the New World Order's boundaries in the dynamic world of geopolitics and global finance. The emergence of the BRICS countries as strong competitors to the conventional dominance of Western powers is at the core of this revolutionary change, especially in light of the dollar-centric international financial system dominated by the United States. This ongoing de-dollarisation process, and the rise of new superpowers in the international arena, delving into the many facets of Currency Dynamics in the New World Order. The US dollar became the principal reserve currency of the globe in the second part of the 20th century, therefore consolidating American economic and geopolitical dominance. But the 21st century h as brought about a paradigm change, with the BRICS countries establishing themselves as important participants questioning the status quo in the economy. A conversation on the need for a more diverse and just global financial system has emerged as a result of the BRICS countries' combined increase in economic power and diplomatic power.
Keywords:
New World Order, Geopolitics, Brics , Western Powers, Dollar-centric ,International Financial System, De-dollarisation, Currency Dynamics, Economic Dominance, Diplomatic Power.
Cite Article:
"Shifts In Global Currency Dynamics: BRICS, Less Reliance On The Dollar, And The Rise Of Superpowers.", International Journal of Novel Research and Development (www.ijnrd.org), ISSN:2456-4184, Vol.9, Issue 3, page no.f697-f700, March-2024, Available :http://www.ijnrd.org/papers/IJNRD2403580.pdf
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ISSN:
2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar| ESTD YEAR: 2016
An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator
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