Citi Bank Warns of a Major Dollar Decline

The US dollar’s position as the world’s reserve currency is facing a serious threat, as the de-dollarization movement, led by BRICS nations, gains momentum. Citi Bank’s latest forecast suggests that the dollar’s decline will continue, with little hope for a near-term recovery. The Euro and Pound are also expected to suffer, as BRICS currencies grow stronger. As uncertainty looms, investors may want to consider gold as a hedge against weakening fiat currencies.