Comments on: De-Dollarization: Is BRICS A Viable Alternative To The U.S. Dominated World Economic System? /2014/11/22/de-dollarization-is-brics-a-viable-alternative-to-the-u-s-dominated-world-economic-system/ Dedicated to EM Investing Thu, 29 Oct 2015 17:34:58 +0000 hourly 1 http://wordpress.com/ By: Interview: De-Dollarization: Is BRICS a Viable Alternative to the U.S. Dominated World Economic System? | GeoPipelitics /2014/11/22/de-dollarization-is-brics-a-viable-alternative-to-the-u-s-dominated-world-economic-system/comment-page-1/#comment-285 Tue, 25 Nov 2014 04:51:36 +0000 /?p=2193#comment-285 […] The BRICS have a great potential to become a viable alternative to the dollar dominated economic system. The creation of the BRICS development bank is an indication in this direction…(read more) […]

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]]> By: Tering Nering (@TeringNering) /2014/11/22/de-dollarization-is-brics-a-viable-alternative-to-the-u-s-dominated-world-economic-system/comment-page-1/#comment-242 Sun, 23 Nov 2014 01:27:23 +0000 /?p=2193#comment-242 The cooperation between said countries via the BRICS Bank may very well partially replace the US Dollar as a international currency of TRADE, right now.
However, for the Yuan (or any other currency for that matter) to become a global/international RESERVE currency, even partially, there must be a large enough volume of investment grade bonds available in that currency. So far, and in the near future, no alternative bonds market seem to materialize. Also a dependable legal framework must be in place. (See Argentina vs the lone hedge-fund).
But the Chinese are smart, so I expect the Chinese plan to eventually offer a bond-market and a dependable legal facilities. But it will take some time.

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