The global financial system has traditionally been controlled by Western institutions and currencies, notably the US dollar.

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. In 2019, I was involved in a crypto project that aimed to provide a usable ...

He called the conversation around de-dollarisation "misunderstood".

The BRICS countries — led by Brazil, Russia, India, China and South Africa — are actively working to reduce their reliance on the U.S. dollar in international trade, a process known as ...

The U.S. dollar’s dominance as the world’s reserve currency faces its most organized challenge yet from the BRICS nations, but fundamental structural barriers make displacement unlikely in the ...

India is trying to shield itself from President Donald Trump’s backlash against BRICS by stressing it has no plans to challenge the US dollar’s global dominance, according to people familiar with the ...