Economist: BRICS common currency is a ‘ridiculous’ idea
Chinese President Xi Jinping attends a meeting with U.S. Secretary of State Antony Blinken (not pictured) at the Great Hall...
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Economist: BRICS common currency is a ‘ridiculous’ idea
In their push to dethrone the U.S. dollar as the world’s largest reserve currency, the BRICS nations—or Brazil, Russia, India,...
What if – the US dollar loses its status as the world’s reserve currency?
So far, China has made only moderate use of this lever, as the use of the USD has also facilitated...
India Rupee’s Drop Versus the Dollar Exaggerates Its Global Role
A year ago, there was palpable excitement in New Delhi around buying Russian crude. The Reserve Bank of India allowed...
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...
Dollar bears see ‘multi-year downtrend’ ahead—with big ripple effects
It just may have been the week that broke the dollar. The greenback’s worst slump since November has a bevy of strategists and investors saying a turning point is finally at hand for the world’s primary reserve currency. If they’re right, there will be far-reaching consequences for global economies and financial markets. The US currency is teetering at the lowest level in more than a year after signs of cooling inflation bolstered bets that the Federal Reserve will soon stop hiking interest rates. Dollar bears are looking even further ahead,...
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...
Dollar bears see ‘multi-year downtrend’ ahead—with big ripple effects
It just may have been the week that broke the dollar. The greenback’s worst slump since November has a bevy...
Will the U.S. Dollar Lose Its Supremacy? Unlikely.
The U.S. dollar is the world’s reserve currency. That is unlikely to change anytime soon, even though some may think...
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....