Finance & Business Ties

China and Russia Want to Replace US Dollar With BRICS Currencies

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China and Russia Want to Replace US Dollar With BRICS Currencies
(From L-R) Russian President Vladimir Putin, Chinese leader Xi Jinping, Brazilian President Jair Bolsonaro, South African President Cyril Ramaphosa, and Indian Prime Minister Narendra Modi pose for a picture during the 11th BRICS Summit in Brasilia, Brazil, on Nov. 14, 2019. Sergio Lima/AFP via Getty Images
Antonio Graceffo
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News Analysis

BRICS members call for cross-border payment in BRICS currencies to challenge the U.S. dollar.

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Antonio Graceffo
Antonio Graceffo
Author
Antonio Graceffo, Ph.D., is a China economy analyst who has spent more than 20 years in Asia. Graceffo is a graduate of the Shanghai University of Sport, holds an MBA from Shanghai Jiaotong University, and studied national security at American Military University.
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