British Economists Jim O’Niel laughed at the idea of using the Chinese Yuan as a global currency instead of the dollar.
Not only O’Niel but various other economists have also disregarded BRICS's claim of using Chinese Yuan as the global currency.
Economists find that since the dollar is the top currency and has been for nearly 40 years it is impossible to change that now, especially by BRICS. Jim O’Neal stated that since China and India arent able to solve simple disputes like their border dispute it will be completely ‘ridiculous’ for them to overturn the dollar.
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