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BRICS member China’s new payment system, Chartered Institute of Procurement & Supply (CIPS), has processed over 175 trillion Chinese yuan payments (equivalent to $24 trillion), according to the latest report from The Economist. Worldwide, over 1,700 banks facilitated the payments as the transactions rose faster than ever in 2024, up by 43% from the previous year. Banks from around the world, including from Turkey, Mauritius, and the BRICS member UAE, facilitated the Chinese yuan payments via CIPS. China recently expanded the CIPS services to Africa and the Middle East, gaining a hold in the markets. All of these are mostly operated by Chinese institutions covering payments in over 33 market sectors. Also Read: China Invests $10B in South Africa, Launching BRICS “Silicon Valley” BRICS: China Powers the Chinese Yuan via CIPS Payments Source: iStock CIPS is a large-scale payment infrastructure primarily for clearing and settling cross-border Chinese yuan payments for banks and financ...

Countries around the world are actively seeking alternatives to the US dollar for international trade and reserves. This current trend has dramatically increased in 2025 as numerous countries are adopting different approaches to wean themselves off the American currency, reflecting a vital change in the world’s financial system since World War II. Also Read: Goldman Says China to Hit 4.6% Growth After 90-Day Tariff Pause De-Dollarization List of Countries: Key Reasons and Global Impact Source: Watcher Guru As of writing, major economies from Asia, Africa, South America, and even some parts of Europe are following their own footsteps in leaving the dollar hegemony behind. This movement is fundamentally altering global trade patterns and also putting into question the international monetary arrangement which has been around for almost eight decades. Complete List of Countries Leading De-Dollarization Efforts BRICS and Oil Producers BRICS nations lead the global de-dollarization movement ...

De-dollarization in 2025 is rapidly advancing as the global flow of capital is not flowing into the US economy. China and several other developing countries are offloading US bonds and treasuries and replacing them with gold. While China, Russia, Brazil, South Africa, and India were the usual preparators, European nation Poland has also joined the league. Just recently, Poland purchased 16 tonnes of gold to diversify its assets in the central bank reserves. The accumulation beat China in terms of volume for April making it the biggest purchase of the month. Also Read: De-Dollarization: EU at Risk of U.S. Financial Coercion, ECB Pushes Digital Euro In addition, Reuters reported that global funds through equities, bonds, and US Treasuries are declining as trade wars loom. A portion of global capital from institutional funds and retail investors is now moving toward other countries, currencies, and bonds. This is for the first time that demand for US financial assets is declining as de-do...

Donald Trump has assumed the White House duties as the 47th US president, ushering in an era of complete policy changes. Trump is adamant about imposing tariffs on nations to strengthen the US economy. While his intent is solely focused on bolstering the US economic infrastructure, his idea of imposing tariffs on nations is gaining widespread notoriety, with the de-dollarization hype gaining traction in the midst of it all. While the US dollar still stands as a primary transacting currency, can the dollar ever be replaced? If yes, then which currencies have the power to be the global superpower? Let’s find out. Also Read: Nvidia Stock: ‘Golden Opportunity’ for Top Investors Ahead of NVDA Earnings Report The Concept of De-Dollarization to Gain Momentum Again? Image Source: Watcher Guru Donald Trump is once again grabbing the central spotlight due to the spree of tariffs that he wishes to levy on certain nations. As per Reuters, Trump is planning to impose a 10% levy on Canadian cru...

The Chinese yuan has been looking to overtake the US dollar as the world’s reserve currency for over a decade. Despite multiple attempts, the Chinese yuan has failed to outperform the US dollar and uproot it as the global currency. However, that does not mean the yuan will never be able to beat the USD in the future. Also Read: China Helping ASEAN Countries To Ditch The US Dollar The Xi Jinping administration is looking at various ways to bring down the US dollar and keep the Chinese yuan ahead for all transactions. The Communist nations are convincing other developing countries to ditch the US dollar and pay local currencies for trade. In this article, we will highlight which currency is realistically stronger: The US dollar or the Chinese yuan. Also Read: U.S. Dollar Rebounds As Job Market Strengthens Which is the Stronger Currency? US Dollar or Chinese Yuan Source: iStock Several key factors make the US dollar realistically stronger than the leading loc...

President Xi Jinping is trying to counter the US dollar on the global stage by pushing the Chinese Yuan ahead for cross-border transactions. Jinping wants the Chinese Yuan to dominate the global trade sector and push the US dollar second in line. While that’s the agenda of the President, multinational corporations in China are not buying into the idea. Also Read: U.S. Oil and Gas Production Shatters Records in 2024 Leading businesses in China are not convinced with the ideology, as they fear incurring losses. The Yuan has already shed 1.9% of its value against the US dollar in 2024 alone. The Chinese Yuan is dipping against the US dollar and is now at a 5-month low. Estimates forecast it could fall further making the currency enter dangerous waters. Therefore, keeping more Yuan and less of dollars will severely impact businesses leading to losses or even job cuts. Also Read: When Will Gold...

BRICS member China is convincing African nations to ditch the US dollar and trade in the Chinese Yuan for cross-border transactions. The Bank of China’s office in Zambia is pushing to increase trade in the Chinese Yuan in Southern Africa. Zambia is Africa’s second-largest producer of copper and China is the world’s biggest consumer of copper. Therefore, BRICS member China is looking to capitalize on international copper trade by making Zambia accept the Chinese Yuan and ditch the US dollar. Also Read: BRICS: China Dumps US Dollars For 3 Days Straight Zambia exports both raw and refined copper to China and the cross-border trade is worth $2 billion every year. The African country exports $1.64 billion worth of raw copper and also sends refined copper worth $340 million to China. As a whole, copper constitutes 70% of Zambia’s foreign export earnings and plays an important role in the GDP growth. BRICS country China is pushing the de-dollarization narrati...