Trump's protectionist policies threaten to radically unbalance the balance of payments and exchange rates throughout the world, preventing debtor countries from earning the dollars...
BRICS plans to transform the international monetary and financial system, and debated policies at the 2024 summit in Kazan, Russia. How can it challenge...
The US dollar is gradually losing its dominance, and foreign central banks are buying fewer Treasury securities, instead holding more gold in their reserves,...
The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a report...
China is de-dollarizing rapidly. It now uses the renminbi (RMB or yuan) in just over half of cross-border transactions. The dollar's share of bilateral...
These were the most important geopolitical and economic issues of 2023, including the wars in Gaza and Ukraine, US-China tensions, BRICS expansion, growing de-dollarization,...
Economist Michael Hudson details how BRICS could create a mutual settlement currency for payment imbalances among central banks and build an alternative to the...