Dumping the Dollar: The BRICS collective, comprising Brazil, Russia, India, China and South Africa, is working on a common currency in an attempt to ditch the US dollar and push back against America’s dominance. The move comes as Moscow and Beijing call for de-dollarisation in the face of Western sanctions
IMF: RMB ranks fifth among world forex reserve currencies Asia News Network (ANN) is the leading regional alliance of news titles striving to bring the region closer, through an active sharing of editorial content on happenings in the region.
No Reason for Malaysia to Rely on US Dollar, Prime Minister Says theepochtimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theepochtimes.com Daily Mail and Mail on Sunday newspapers.
The share of the Chinese renminbi in global foreign exchange reserves stood at 2.69 percent in the fourth quarter of last year, ranking fifth among major currencies, the International Monetary Fund said.