The world is already moving towards a multicurrency system as financial technologies evolve and China pushes the yuan, ...
China is increasing its efforts to strengthen its digital yuan. It aims to challenge US dollar-pegged stablecoins in world ...
as well as US sanctions on China and Russia. Should the BRICS nations establish a new reserve currency, it would likely ...
The deputy director of China's National Laboratory of Finance and Development reportedly says that the country should expand ...
China does not provide USD liquidity under bilateral currency swap agreements, but both Pakistan and Argentina were able to convert RMB to USD in the offshore RMB market. In other words ...
India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment ...