The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank

Tue, 09/19/2023 - 01:19

A currency trader mends an worn $2 bill at a market. — The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank.
Tsvangirayi Mukwazhi/Associated Press

A former Zimbabwe finance minister warned of an economic 'disaster' if the country moves away from the dollar.
Zimbabwe has applied to join the BRICS bank where there's intense debate about de-dollarization.
During an August summit, leaders from the BRICS nations gave contradictory and differing statements about de-dollarization.

Zimbabwe wants to join a bank founded by the BRICS group of emerging nations — but a de-dollarization debate has started even before the country's application has been approved.