Tag: Currency
Gold-Backed Currency is Beginning of the End for US Dollar
The BRICS alliance has made significant strides over the past two years in its mission to dethrone the US Dollar. The bloc recently confirmed...
Sanctions Turning Chinese Yuan as Main Currency, Not US Dollar
US Treasury Secretary Janet Yellen confirmed that sanctions led to BRICS kick-start the global de-dollarization initiatives. The US pressed sanctions on Russia in February...
Analyst Says Gold-Backed Currency Can Threaten US Dollar
With the BRICS economic alliance working to develop its own native currency, one analyst has stated that a gold-backed asset would work well in...
BRICS to Launch Its Own Currency Exchange Platform?
With the bloc committed to its de-dollarization efforts, the BRICS collective could be set to launch its very own currency exchange platform. Indeed, the...
BRICS Nations Agree to Launch Currency to Counter US Dollar
A new BRICS currency looks inevitable as the bloc is looking to formulate new alternatives to ditch the US Dollar. The BRICS alliance is...