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