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China has been very open about its de-dollarization agenda. While the BRICS bloc of nations has expressed a desire to move away from a US dollar-based global system, none has been more steadfast than China. The nation has been pushing to make the yuan a global currency. The Chinese Communist Party (CCP) has even achieved substantial success for its efforts. China’s De-Dollarization Initiatives Taking Hold Source: Watcher.Guru China’s strategic movements have stealthily placed the yuan as a competitor to the US dollar in global trade. China’s de-dollarization initiatives have substantially put a question mark on the US dollar’s dominance. The yuan has seen a significant increase in global trade settlements over the last decade. The figure is only expected to rise over the coming years. Earlier this year, it was revealed that China has signed 40 currency swap agreements with foreign banks. The move further sheds light on how fast the country is moving away from the...

The last two years have seen the global south orchestrate its very own de-dollarization initiative. Seeking to promote local currencies, was a way to combat the growing influence the West had on global finance. Although the greenback has maintained much of its strength amid BRICS action, one analyst has called the US dollar “grossly overvalued.” The sentiment is tied to the overwhelming influence that the US dollar maintains. Currently, the state of Mississippi, the poorest state in the country, is richer per capita than either the United Kingdom or Japan. Although the reason for this reality can be debated, one economist notes it is likely due to the overwhelming overvaluation of the currency. Source: Watcher Guru Also Read: BRICS: US Dollar Hits 2-Year High as De-Dollarization is Failing US Dollar Called ‘Overvalued’ by Economist: Can That Push BRICS De-Dollarization? 2025 was always set to be a vital year for the BRICS alliance. With US President-elect Donald ...