If formally launched, it will join Brics Pay, the alternative payments system proposed in 2018, to facilitate payments across ...

Every few years, the economic and financial media run stories prophesying the end of the U.S. dollar’s role as a reserve currency, its replacement with the Chinese renminbi, and the supposed ...

The dollar’s role as the primary reserve currency for the global economy allows the United States to borrow money more easily and impose painful financial sanctions. Other countries are ...

China's rise and recent trade talks with Brazil and Saudi Arabia have fueled renewed speculation about the renminbi dethroning the U.S. dollar as the world's reserve currency.

Economists told Newsweek that the decline is due to a confluence of factors, and a broad downgrade in America's economic ...

Chinese policymakers see erratic US decision-making and geopolitical tensions as the most favorable backdrop in years to promote the yuan.  Read more at straitstimes.com. Read more at straitstimes.com ...

Backed by history and economic power, the US dollar remains central to global finance. As challenges and alternatives emerge, ...

The 31st annual survey of reserve managers was conducted between May and June by UBS of what the bank said were “close to 40” ...

China is pursuing a strategy of selective RMB integration – eschewing full capital account liberalization and avoiding a ...

At the upcoming BRICS summit in Brazil, member nations are expected to intensify their push for local currency settlement and ...

China pushes digital yuan to reduce global reliance on the US dollar and promote a multipolar currency system amid rising geopolitical tensions ...