Yuan Undercuts Dollar: A Shift in Global Currency Dynamics The BRICS bloc, comprising Brazil, Russia, India, China, and South Africa, witnesses a shift in currency dynamics as China’s Yuan becomes cheaper than the US dollar for the first time in two decades. This significant development, highlighted in an Atlantic Council report, marks a notable moment in the long-term de-dollarization efforts of these nations. The report sheds light on the changing perception and use of international currencies, indicating a potential decline in the global dominance of the US dollar. This trend is not just confined to the BRICS nations but is part of a broader narrative that could reshape the landscape of international finance and trade, challenging the longstanding supremacy of the greenback. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oil Prices Waver Amid Economic Uncertainty and Interest Rate Speculation READ MORE Gold retreats as dimming rate cut expectations overshadow safe haven demand READ MORE Silver to see second-highest deficit in 20 years, as record industrial demand rises 9% in 2024 – Silver Institute’s World Silver Survey READ MORE The Day the Hunt Brothers Capped the Price of Gold (Part I) READ MORE What Is the Gold Spot Price and How Is It Set? READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment