Bye bye BRICS, Saudi Arabia invests $600 billion in the United States
Riyadh is increasingly looking towards the West, while the BRICS are still waiting for an answer.
Riyadh is increasingly looking towards the West, while the BRICS are still waiting for an answer.
De-dollarization is stalled and the greenback remains the king of the world’s reserve currencies. Why does the dollar have no rivals, for now?
Through the accumulation of gold, China, and more generally the Brics countries, are trying to continue the slow path towards de-dollarization.
Currently, the BRICS group accounts for approximately 22% of global exports of goods and services.
Elon Musk took to X on March 13 to slam the dollar, while Russia announced a BRICS non-dollar denominated blockchain project for cross-border...
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In 2023, the yuan is expected to gradually surpass the British pound and Japanese yen in terms of payments, transactions and reserves.