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BRICS Countries officially abandon the US dollar for trade

Also Read: BRICS: 73 Central Banks Buy US Dollar, Ditch Chinese Yuan. Hickman added while Americans are selling gold ETFs, central banks of BRICS countries are

BRICS: 73 Central Banks Buy US Dollar, Ditch Chinese

Brics Has Formed A Development

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.

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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: 73 Central Banks Buy US Dollar, Ditch Chinese Yuan