SWIFT Data Reveals Strengthening US Dollar Dominance in Global Payments
US Dollar Dominance in Global Payments Strengthens, SWIFT Data Shows The U.S. dollar’s dominance in global payments has strengthened, according to data compiled by global financial messaging service SWIFT. The share of ...
Brazil Proposes Yuan-Based Trade Settlement Plan with Argentina to Boost Economic Ties
Brazil Proposes Plan to Settle Bilateral Trade With Argentina in Chinese Yuan The government of Brazil has formally presented a proposal to Argentina to settle bilateral trade transactions in the Chinese yuan. The propo ...
Doubts Cast on BRICS Common Currency Proposal by Macroeconomist
Macroeconomist Lyn Alden has cast doubt on a proposal that would see five countries work together to develop a common BRICS currency — arguing it will likely struggle to get off the ground and fail to dethrone the United States dollar. In an interview with Cointelegraph just days before the BRICS ...