Brics 73 Central Banks Buy Us Dollar Ditch Chinese Yuan

Last updated: June 9, 2025, 00:19

Brics 73 Central Banks Buy Us Dollar Ditch Chinese Yuan

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Central banks of leading countries

Central banks of leading countries are hoarding US dollars and gold and not the Chinese yuan. Reserve bank managers are accumulating the US dollar for its high yields

BRICS has formed a development bank in China called the New Development Bank. To have a BRICS currency, however, BRICS would need a central bank.