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Bitcoin.com 2023-05-20 05:30:46

Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance

A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts that the recent initiatives to promote local currency settlement have provided

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