The BRICs Go For Gold
After months of debate about various currency and commodity baskets, a Russia- and China-led consortium has apparently settled on using...
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a Global Fight Over America’s Economic Dominance
The US dollar isn't just for Americans — every country in the world relies on it.The greenback has been facilitating...
‘There’s no idea of a BRICS currency’
The BRICS country leaders in 2019.Sputnik/Alexey Nikolsky/Kremlin via ReutersChina, Russia, and other BRICS countries aren't developing a dollar alternative, according...
Asia pushes back on ‘excessive’ currency moves amid enduring dollar strength
The People's Bank of China is under pressure to lower interest rates and reserve rate ratios for banks as growth...
The Renminbi: The Political Economy of a Currency
The Chinese currency, or renminbi (RMB), has been a contentious issue for the past several years. Most recently, members of...
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In August 2023, South Africa will host the leaders of Brazil, Russia, India, China and South Africa – a group of nations known by the acronym BRICS. Among the items on the agenda is the creation of a new joint BRICS currency. As a scholar who has studied the BRICS countries for over a decade, I can certainly see why talk of a BRICS currency is, well, gaining currency....
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the...
Why Hong Kong can’t afford to keep its currency pegged to the US dollar
Hong Kong CNN — Hong Kong’s currency is facing its biggest test since the global financial crisis of 2008. The...
The Chinese Yuan could finally compete with the Dollar
China's yuan may become a more attractive currency for foreign governments. CFOTO/Future Publishing via Getty Images The Chinese economy’s sheer...
Even China Isn’t for a Complete Break From the USD
The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may...
