JOSHUA NOTT: Brics leaders dream of de-dollarisation despite testy internal relations
21 August 2023 - 05:00
In his opening remarks at the 2019 Brics summit, Chinese President Xi Jinping mused that Brazil, Russia, India, China and SA have the opportunity to “push for the reform of the global economic governance system”.
Translated from diplomatic speech to real talk: the decline of US dollar hegemony, revisions to international financial institutions’ rules and a move away from trade deals denominated in dollars...
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