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Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative?
The dollar is by far the most-used currency in global business and has shrugged off past challenges to its preeminence. Despite repeated talk of the BRICS countries rolling out their own currency, no concrete proposals have emerged in the run-up to the summit starting Tuesday. Emerging economies have, however, discussed expanding trade in their own currencies to reduce their reliance on the buck.
Media Miss by the Right
See who else is reporting on this story and which side of the political spectrum they lean.
34 other sources covering this story
Total News Sources
34
Leaning Left
12
Center
9
Leaning Right
2
Last Updated
1 month ago
Bias Distribution
Left 52%
Center 39%
Right 9%