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BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

BRICS Eyes Petroyuan for Oil Trade Amid Dedollarization Push, Expert Says

BRICS nations are considering adopting the petroyuan for oil trade as part of their ongoing dedollarization efforts, according to economic expert H...
Sep, 26, 2024
by Bitcoin News
Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist

Chinese Yuan Not Serious Threat to US Dollar Hegemony, Says Economist

An economist has dismissed the Chinese yuan as a significant threat to the U.S. dollar’s dominance. “The Chinese renminbi, which accounts for less ...
Aug, 23, 2023
2 min read
by Bitcoin News
Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

Bank of China Expands Digital Yuan Testing to SIM Cards and NFC Payments

The state-owned financial institution Bank of China has revealed a partnership with China Unicom and China Telecom in order to test SIM cards and n...
Jul, 13, 2023
2 min read
by Bitcoin News
JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

JPMorgan Expects Dollar Dominance to Persist Even if China Overtakes US as World’s Largest Economy

JPMorgan’s strategists have explained that even if China overtakes the U.S. as the world’s largest economy around 2030, the U.S. dollar may remain ...
Jun, 19, 2023
2 min read
by Bitcoin News
Economist Discusses Viability of BRICS Currency — Says Pegging to Chinese Yuan Would Be ‘First Major Step’

Economist Discusses Viability of BRICS Currency — Says Pegging to Chinese Yuan Would Be ‘First Major Step’

An economist, who previously worked at the Bank for International Settlements (BIS), has provided insights on the possibility of a BRICS currency c...
Jun, 15, 2023
3 min read
by Bitcoin News
Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

Dollar to Play Lesser Role Due to Its Weaponization, Digital Currencies, Economist Jeffrey Sachs Says

Within the next decade, the U.S. dollar will play a much less dominant role than it is today, according to Jeffrey Sachs. The renowned economist li...
Apr, 10, 2023
3 min read
by Bitcoin News
China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

China Ready to Talk Asian Monetary Fund to Cut Dollar Dependence, Malaysia Says

An idea to establish an Asian Monetary Fund has caught the attention of the Chinese leadership, the head of the Malaysian government revealed. The ...
Apr, 05, 2023
2 min read
by Bitcoin News

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