BRICS is an alliance of Brazil, Russia, India, China and South Africa.

These 5 countries seem to be ready to create their own currency so that they and some other Eastern countries gain more economic power. At the same time, they will be able to bypass the US dollar in their international transactions.

This will deal a blow to the dominance of the US dollar.

So far there have been 19 other countries that have shown interest in this currency, including Saudi Arabia, the United Arab Emirates, Argentina, Egypt, Bahrain, Indonesia, Algeria and Iran.

[Source: http://www.watcher.guru]