The question of de-dollarization and how far it can go becomes increasingly relevant as major economies embrace local currencies for international trade guided by BRICS. Our global de-dollarization tracker reveals…
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The BRICS alliance has catalyzed a significant shift away from US dollar debt and toward RMB bonds, and at the same time, Japan buys Russian oil despite various major international…
Brazil, which chairs the BRICS 2025 summit is eyeing to launch Chinese yuan-denominated panda bonds in the Asian markets. President Luiz Lula da Silva looks to launch the panda bonds…
India urges BRICS digital pact collaboration, and right now this move is shaking up the global financial order. At the time of writing, the 11th BRICS Communications Ministers’ Meeting in…
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Nigeria has called on BRICS to switch to trading in local currencies and refrain from using the US dollar for cross-border transactions. During a meeting at the BRICS trade forum…
Former U.S. Congressman Ron Paul revealed that the BRICS will meet in July to challenge the U.S. dollar’s global dominance. The 17th summit is scheduled to be held in Brazil’s…
The start to 2025 has been an increasingly volatile one for United States financial markets. That may only get worse as efforts to displace its currency as a global reserve…
BRICS is looking to launch a new currency to shift away from the US dollar-dominated financial world. Emerging economies are becoming increasingly self-centered similar to Trump’s America First agenda. Developing…