A BRICS yuan loan agreement was signed this week between China Development Bank and the Development Bank of Southern Africa, and it marks a significant shift in how BRICS financing…
BRICS member China has pressed the accelerator on de-dollarization as lending in the Chinese yuan surges. China’s push for the yuan is working as trade and investments are moving away…
BRICS member Ethiopia is in talks with China to convert its $5.38 billion worth of loans from the US dollar into the Chinese yuan. Ethiopia owes China $5.38 billion and…
BRICS member Brazil has exported over 180,000 tonnes of peanuts to China, Russia, Algeria, and the Netherlands in 2025, and 43% of the exports were paid in the Chinese yuan.…
BRICS members Russia, China, and India are looking at the Chinese yuan for oil settlements and not the US dollar. Reuters reported that Russian refiners are seeking payments in the…
The writing is on the wall, the world is less inclined to use the US dollar hereafter. While the US dollar’s exorbitant privilege persists, the symbolism from the BRICS alliance…
JPMorgan’s yuan forecast has been revised upward, and right now, this shift is being driven by what analysts are calling accelerating BRICS de-dollarization efforts. The major investment bank has lifted…
Mexico and China partnership talks are actually reshaping North America right now, and leaked documents reveal six-month secret discussions between Mexico City and Beijing. These talks focus on Mexico getting…
BRICS member China’s new payment system, Chartered Institute of Procurement & Supply (CIPS), has processed over 175 trillion Chinese yuan payments (equivalent to $24 trillion), according to the latest report…
Kenya, Panama, Sri Lanka, and other developing countries have snubbed the US dollar to receive loans from BRICS member China in the Chinese yuan, reported the Times of India. The…