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welcome to detectives Insider Channel in recent times the world has witnessed a sharp rise in the number of countries challenging the dominance of the US dollar as the global Reserve currency this is driven by various factors including the increasing less trade deficits the decline in the countrys economic power and the growing Global distrust of the US Financial system in this context the brics countries namely Brazil Russia India China and South Africa have emerged as a major Force challenging the US Dollars hegemony this article will explore the brics initiative and its impact on the Global Financial system the brics countries have a combined population of over 3 billion and account for approximately 40 percent of the worlds GDP with such a docHub economic presence it is only natural that they seek to challenge the US Dollars Supremacy the brics countries have been making docHub strides in the financial world with the establishment of the new development Bank in DB and t