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...
The US Congress held a hearing titled "Dollar Dominance: Preserving the U.S. Dollar’s Status as the Global Reserve Currency", as countries around the world...
Foreign ministers from BRICS (Brazil, Russia, India, China, and South Africa) met to discuss expanding the Global South-led bloc and creating a new global...
US politicians from both parties agree: the deficit doesn't matter. In their bipartisan deal to raise the debt ceiling, Biden and Republicans are boosting...
Right-wing politicians in Argentina want to adopt the US dollar as the national currency to fight inflation. Development economist Ha-Joon Chang said this is...