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Brics’ move to unseat US dollar as trade currency
City Press – South Africa will this week take some initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies. Thus, the nation is expected to become party to endorsing the Chinese currency, the renminbi, as the currency of trade in emerging markets. Read Article
Tags: Africa, Asia, banks, debt wealth, financial system, New World Order, North America
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