STATEMENT ON CERTAIN

China Is Aggressively Advocating For

Dollar Dominance: Chinese Yuan, BRICS Currency

China dominates BRICS reserves but lacks the willingness to globalize the yuan, due to the need for strict currency controls and export competitiveness. Surplus-heavy

China is aggressively advocating for the Chinese yuan to replace the US dollar in trade between BRICS member countries and their global partners. Under the

Why China’s Yuan Can’t Replace the U.S. Dollar

Dumping the Dollar: Will a new BRICS currency replace

How Would a New BRICS Currency Affect the US Dollar?

It Would Take Years For

It would take years for the yuan to unwind the dollar’s well-entrenched dominance over global transactions. Now that Washington and Beijing have reached a

BRICS Push for Yuan: Can China's Currency Overtake the US Dollar

Why a BRICS Currency Won’t Replace the Dollar Anytime Soon