China and Russia have almost

BRICS Countries officially abandon the US dollar for trade

China and Russia have almost completely abandoned the US

China and Russia have almost completely phased out the dollar from their bilateral trade. More than 90% of trade between the two nations is done with either the yuan or

BRICS

While there are growing concerns among the Brics bloc of emerging economies over the scope of financial sanctions from the United States, few countries in the

China, Brics bloc not ready to reject US dollar despite Russian

BRICS’ Russia is ditching the US Dollar in favor of the Chinese Yuan for trade, according to its central bank. The country has spearheaded de-dollarization efforts

On Russia

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia's finance ministry and central bank released a

On Russia's foreign exchange markets, the ruble-yuan trade accounted for 39% of total volumes, outpacing the ruble-dollar's 34% share, the central bank added. The

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Dumping the Dollar: Will a new BRICS currency replace

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