New Delhi, Jan. 3 -- The BRICS countries' bid for dedollarization receives yet another boost with China's declaration of interest in the digital yuan (e CNY digital Yuan), effective January 1, 2026. The move might have been taken silently, but its goal is highly ambitious. This facility may enable the Chinese digital currency to emerge as a primary settlement and savings tool, as other Central Bank Digital Currencies (CBDCs) don't offer incentives to their holders. As the global monetary landscape undergoes a gradual but significant transition, this Chinese move may trigger the incentivization of CBDCs by other countries, leading to a reduced dependence on the US Dollar. As BRICS nations now control nearly 50% of global gold production an...