India's groundbreaking partnership with Russia marks a pivotal moment in the global movement toward de-dollarization. In this ...
Explore how global economic dynamics are shifting as the US dollar faces unprecedented challenges. This video unpacks two groundbreaking events: the launch of a BRICS payment system ... singer Rawinia ...
One ambitious proposal is the creation of a BRICS digital ... on the US dollar in global trade. Russian President Vladimir Putin holds a mock-up of what has been referred to as a new BRICS ...
China and their BRICS allies are likely much more defensive than offensive. While the talk about a new currency and posturing against the U.S. dollar will help presidents Vladimir Putin and Xi ...
(MENAFN) The Kremlin has clarified that the BRICS member states are not focused on undermining the US dollar or other currencies ... was intent on creating a new global financial and payment ...
“They might use the USD [U.S. dollar] as a reference currency ... macroeconomic convergence … many experts doubt that a new BRICS reserve currency would be stable or reliable enough to ...
He emphasized the group’s commitment to unifying financial transactions among members while gradually reducing reliance on the U.S. dollar for interbank exchanges. The new BRICS currency ...
A potential BRICS digital currency could allow the bloc to bypass Western financial networks, offering a new way to conduct trade without relying on the US dollar. Some proposals suggest backing ...
The Russian chief diplomat said each new member strengthens the status of the economic bloc. Russia hosted the BRICS summit on October 23-24 in ... that has developed since World War II around the ...
“Every night, I ask myself why all countries must base their trade on the dollar,” said Lula in a speech for the New Development Bank, formerly the Brics Bank. Founded in 2015, the bank aims to ...