GAP PROBLEM

The Brics Cross

BRICS Countries officially abandon the US dollar for trade

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

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

BRICS: Russia Central Bank Ditches US Dollar For Chinese Yuan

BRICS: $260 billion in trade without a single dollar

BRICS: 40 Countries Look To Ditch the US Dollar

China And Russia Have Almost

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

De-Dollarization: 5 Countries Signaling Yuan Usage Instead of USD

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

While There Are Growing Concerns

Dumping the Dollar: Will a new BRICS currency replace

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 and Russia have almost completely abandoned the US

On Russia

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

BRICS plans 'multi-currency system' to challenge US dollar