The BRICS alliance is looking to send the US dollar packing and usher into a new financial era where local currencies reign supreme. The White House pressing sanctions on emerging economies is what ...
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 ...
Whether BRICS can meet overt and covert resistance to its efforts in bypassing and devaluing the importance of the US dollar remains to be seen. As for the optics, last week’s summit slammed the door ...
Russia's ties with several African countries also have a new ... which BRICS can bring about this change should not be exaggerated. The goals of BRICS in forging alternatives to the dollar ...
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 ...
During their October 2024 summit, BRICS nations affirmed their efforts to establish an alternative payment system that aims to reduce reliance on the US dollar in international ... country’s status as ...
Indonesia has officially become a new ... the US dollar in international trade and finance by advocating for an alternative international payment system. The Kazan declaration promotes the use of ...
A new alliance is looking up to the de-dollarization ideals of BRICS and is ready to use the upcoming unified payment system instead of the US dollar for cross-border transactions. This puts the US ...
[5] While tensions will persist for years, the very existence of BRICS and the future-oriented Kazan Summit offer an alternative to Western nihilism. BRICS has just added 13 new members ...
from the so-called BRICS currency in October 2024 – but it’s unlikely to replace local currencies or the US dollar. The symbolic banknote, unveiled during the BRICS summit in the Russian city of Kazan ...