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"The higher share of CNY in trade invoicing doesn't seem to be dethroning USD, but rather pushing out second tier developed market FX, such as GBP."
Russia's President Vladimir Putin says the shift away from the US dollar in internal trade among the members of the BRICS is an "irreversible process."
Global South seeks to address challenges in cooperation approach, not to confront.
Argentina needs a recession - not dollarization - to fix its plunging currency, according to Robin Brooks, chief economist at the Institute of International Finance.
Irreversible trend for more economies to shift away from US dollar: experts.