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Tagged as 'dedollarization'
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August 24 2023

What is the BRICS currency and can it be accepted?

Brazil's president on Wednesday called on the BRICS countries to create a common currency for trade and investment among themselves to reduce their vulnerability to fluctuations in the US dollar.
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August 17 2023

The BRICS countries will meet in South Africa to weaken the dominance of the West

BRICS leaders will meet next week in South Africa to discuss how to turn the loose club of nations that make up a quarter of the world's economy into a geopolitical force that can challenge the West's dominance in [...]
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31 May 2023

No longer King Dollar? It's not so simple!

The dollar's status as the world's dominant currency has come under increasing scrutiny recently due to rivalry with China, the fallout from the Russian invasion of Ukraine, and disputes over the US debt ceiling. The share of the dollar in [...]
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April 20 2023

CIPS - Chinese alternative to SWIFT and a step towards dedollarization

Recently, information has been circulating on social media that Brazil has signed an agreement with China to settle trade between the two countries, bypassing Western systems. The Brazilian bank BOCOM BBM, which is a company [...]
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