Tag: Currency
New Gold-Backed Currency Gains Steam & Challenges the US Dollar
Inspired by the BRICS de-dollarization agenda, Zimbabwe launched a new gold-backed currency, the ZIG, early this year to take on the US dollar. The...
Chinese Yuan Can’t Replace US Dollar as Global Reserve Currency
BRICS member China is looking to make the Chinese yuan the world’s reserve currency by toppling the US dollar. China has been convincing BRICS...
Prospects for BRICS New Currency and New Payment System
Amid focused debates and high optimism to establish an economic clout, BRICS (Brazil, Russia, India, China and South Africa) together with new members and...
The US Dollar Might Not Remain Universal Currency
‘The sun never sets on the British empire’ they proudly proclaimed during the late 1800s and early 1900s. The United Kingdom ruled the far-flung...
Japan’s new currency diplomat keeps intervention on table to stabilize yen
An employee counts yen banknotes in Tokyo, Japan.Tomohiro Ohsumi | Yoshinori OhsumiGetty ImagesJapan will maintain its basic policy JPY The country's new chief...