The BRICS bloc may soon get 6 new members and more jumbled opinions on de-dollarization

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South African President Cyril Ramaphosa with fellow BRICS leaders President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, Prime Minister of India Narendra Modi, and Russia's Foreign Minister Sergei Lavrov pose for a family photo with delegates, including six nations invited to join the BRICS group, Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates and Saudi Arabia, during the closing day of the BRICS Summit at the Sandton Convention Center on Augu

About 93% of global central banks are exploring digital currencies - and that could boost de-dollarization, a report by IMF staff says

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Close-up view of robot holding dollars

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De-dollarization would require governments to sever political and economic ties with US

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100 dollar pill puzzle being put together .

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The de-dollarization drive is spreading wider - Indonesia is the latest nation to join the anti-buck movement

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US dollar

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The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank

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A currency trader mends an worn $2 bill at a market.
The BRICS' messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank.

Tsvangirayi Mukwazhi/Associated Press

A BRICS currency backed by gold 'makes no sense whatsoever,' says one market guru

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Gold bullion bars are pictured after being inspected and polished at the ABC Refinery in Sydney on August 5, 2020.
Creating a BRICS currency backed by gold makes no sense, says David Woo.

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JPMorgan says the biggest risk of de-dollarization isn't a rival currency — it's that the US could lose a key tool it's used to fight past economic crises

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Andrew Jackson portrait on twenty dollar bill.
Andrew Jackson portrait on twenty dollar bill.

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Russia's massive brain drain is ravaging the economy - these stunning figures show why it will soon be smaller than Indonesia's

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Russian President Vladimir Putin.
Russian President Vladimir Putin.

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De-dollarization won't happen anytime soon as 'it's not so easy' to beat the greenback, Indian minister says

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President of Brazil Luiz Inacio Lula da Silva, President of China Xi Jinping, South African President Cyril Ramaphosa, Prime Minister of India Narendra Modi and Russia's Foreign Minister Sergei Lavrov pose for a BRICS family photo during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa, on August 23, 2023.
The leaders of the BRICS countries at a summit in Johannesburg, South Africa.

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Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan

Tech Insider : Economy
US dollar

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