For Southeast Asia, BRICS is just one piece of a larger puzzle.

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 ...

Dedollarization by BRICS ... new members: Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates (UAE) during its summit in October. Although Donald Trump and the BRICS coalition are on ...

Simultaneously, BRICS continues working on a unified payment system to reduce reliance on the dollar. This new system, rooted in the payment networks of each member country, will facilitate financial ...

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 ...

Thirdly and most ambitiously, work out a new global payment system to reduce reliance on the US dollar. Increasingly disgruntled over the domination of the dollar in global transactions, which exposes ...

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 ...

The Russia-China duo focussed on the agenda of providing an alternative currency model to end the supremacy of the American dollar, de-dollarisation, new trade policies, and the usage of local ...

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 ...