Tag: BRICs

  • Navigating the Waters of De-Dollarization

    Navigating the Waters of De-Dollarization

    China’s Digital Yuan and the Shifting BRICS Dynamics In a landmark move, China has successfully completed its first cross-border oil transaction using the digital yuan, marking a significant milestone in the ongoing global trend of de-dollarization. This development has been further accentuated by the recent inclusion of Saudi Arabia and the United Arab Emirates (UAE)…

  • BRICs vs USD, BIS, IMF, CBDC or Gold Backed Currency

    BRICs vs USD, BIS, IMF, CBDC or Gold Backed Currency

    If Brazil, Russia, India and China sold U.S. Bonds If Brazil, Russia, India, and China (BRICs) sold U.S. bonds, it would likely have a significant impact on the global financial markets and the U.S. economy. U.S. bonds are a form of debt that the U.S. government issues to borrow money from investors, including foreign governments.…