Russian President Vladimir Putin tempered expectations on de-dollarization at BRICS’ summit. BRICS aims to use local currencies, not create a SWIFT alternative, said Putin. BRICS countries...
Western sanctions have forced Russia to rely on the Chinese yuan for reserves and trade. China is concerned about sanctions, too. But unlike Russia, it lacks...
A group of major emerging countries is working on a way around the dollar — but they face an uphill battle to diminish the greenback’s dominance....