How BRICS countries use their own mechanisms to replace Western finance

The BRICS countries are building a financial system that emulates Western finance and establish independent payment mechanisms, currencies, settlement and swap quotas outside the US dollar. They are accumulating gold reserves, which may be used to support a new currency, although the United States still leads the 5,800 tons of the BRICS countries with a gold reserve of 8,100 tons. The move challenges the U.S. hegemony, but it may take decades to fully implement.