The BRICS and De-Dollarisation: Opportunities and Challenges
This issue of the international edition of Wenhua Zongheng (文化纵横) explores the widely debated topic of de-dollarisation. The articles examine the US dollar’s hegemonic status in the international economic order, efforts across the Global South to develop alternatives, and the role of the BRICS in this process.
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In this Issue
Editorial
The BRICS and the Challenge of De-Dollarisation
De-dollarisation is a topic of major interest and debate, with many expecting the BRICS to develop an alternative to the US dollar. How realistic is this expectation?
From De-Risking to De-Dollarisation: The BRICS Currency and the Future of the International Financial Order
The weaponisation of the US dollar has prompted ‘de-risking’ efforts across the Global South, a development that may lay the foundation for an eventual BRICS currency.
What Is Driving the BRICS’ Debate on De-Dollarisation?
The Global South has historically suffered from the US dollar hegemony. If the BRICS countries successfully overcome these constraints, the global financial system may be transformed.
China’s Foreign Exchange Reserves: Past and Present Security Challenges
In the face of potential US financial sanctions in the near future, China will have to develop countermeasures to strengthen the security of its foreign exchange reserves.
