China / Economy / Trade

BRICS and Currency Diversification Challenge the Dollar 

Executive Summary   The U.S. dollar’s position as the preeminent global reserve currency for international trade and transactions is under threat from countries across the world – particularly Brazil, Russia, India, China, and South Africa (BRICS) – that seek greater economic autonomy.   BRICS nations plan to become less reliant on the U.S. dollar by circumventing it … Continue reading →