JP Morgan has predicted how long will the USD remain the global currency as BRICS initiates de-dollarization steps. The US dollar is under pressure from various corners as developing countries are cutting ties with the currency. From settling trade in local currencies to diversifying their central bank reserves with gold and rewriting policies for the benefit of the alliance, a paradigm shift is occurring in the global financial sector.
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Emerging economies feared repercussions from the White House before if they didn’t align with American policies. They show no fear in 2025 and are ready to challenge the US on the world stage. Taking into consideration all the latest developments, JP Morgan provided a forecast on how long the USD can survive as the world’s reserve currency as BRICS looks to topple it.
BRICS: How Long Will the USD Remain the World’s Reserve Currency? JP Morgan CEO Explains
JP Morgan CEO Jamie Dimon predicts that the BRICS alliance could eventually succeed in bringing the US dollar down. According to his prediction, the US dollar could remain the world’s reserve for 40 years and lose its status thereafter. Dimon put in conditions saying that if the US loses its preeminent military and economic power, the dollar is doomed.
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“I always get asked this question: ‘Are we going to be the reserve currency?’ And no, if we are not the preeminent military and the preeminent economy.” The JP Morgan CEO continued, “In 40 years, we will not be the reserve currency. That’s a fact, just read history,” he said as BRICS aims to uproot the USD.
Dimon stressed that if the US doesn’t meet all these parameters in the next 40 years, it stands the risk of losing its currency dominance. However, if the White House manages to hold on and bring things under control, the greenback will remain rock solid. The litmus test is for the White House to safeguard the USD from the BRICS onslaught, as per JP Morgan.