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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.

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34 other sources covering this story

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Last Updated

1 month ago

Bias Distribution

Left 52%

Center 39%

Right 9%

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