Keep in mind that Saudi Arabia is key to the Dollar earning its “petrodollar” status. Saudi Arabia was arguably the strongest ally of the United States in the region and losing Saudi to BRICS is not a very good news for the US dollar, but a really strategic move on the side of BRICS.
A clear indication that a BRICS replacement for the dollar (BRICS currency) is imminent.
The unbundling begins with member nations – active and prospective replacing initial dollar trades with their own currencies, in other words, rather than trade with the dollar, they use their individual currencies instead, as RUSSIA and China have been doing for some time now, and then gradually develop and migrate to a BRICS currency.
More updates will be coming up on this later.