BRICS is looking to change how cross-border payments are made. Will this challenge the West’s financial system?

In Edward Fishman’s book Chokepoint: American Power in the Age of Economic Warfare , he describes the U.S. dollar to be considered as the “world’s default account and medium of exchange” for states around the world. Being the most powerful currency is a huge responsibility, which should not be taken lightly when it comes to weilding its power. Since the Bretton Woods system was established in 1944, the U.S. pegged the dollar to a gold standard. and became an economic powerhou