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 Crude Oil Rally Loses Steam as Technicals Signal Pullback READ MORE Over 80,000 Global Enthusiasts Flock to HongKong’s Twin Jewellery Shows READ MORE Fed says 1,804 banks and other institutions tapped emergency lending facility READ MORE Oil Prices Rise Amid Global Tensions and Economic Stimulus READ MORE Add a Comment Cancel replyYour email address will not be published.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