The BRICS alliance added Thailand as a ‘partner country’ in 2024, along with 11 other nations, including Algeria, Belarus, Bolivia, Cuba, Kazakhstan, Malaysia, Nigeria, Turkey, Uganda, Uzbekistan, and Vietnam. Indonesia…
BRICS gold purchases between 2020 and 2025 totaled approximately 870 tonnes, and this marks an unprecedented accumulation by central banks across the bloc. These strategic additions to BRICS gold reserves…
The 17th BRICS summit was held in Rio de Janeiro in July, and they failed to launch a new currency. The leaders did not mention de-dollarization, fearing further tariffs from…
Indonesia has allocated $1 billion to the New Development Bank, and this marks a significant step for Southeast Asia’s largest economy in its engagement with the BRICS bloc. The country…
The BRICS alliance was raging fire against the US dollar before Trump took office. They were hellbent on uprooting the US dollar and making local currencies the world’s reserve. The…
Leading global investment bank Standard Chartered predicted whether the BRICS alliance can replace the US dollar. The global market is experiencing a paradigm shift where local currencies are running towards…
Russia is considering selling pork exports to its BRICS counterpart China in local currencies, such as the ruble and Chinese yuan. The US dollar will be phased out in the…
BRICS fading US dollar has become something of a major talking point right now, and economist Jeffrey Sachs recently broke down exactly how this shift is actually happening. The way…
China is helping BRICS members, where the US has left them to fend for themselves. Farmers in South Africa are reeling under pressure from trade wars and tariffs from the…
A handful of members in the BRICS alliance have openly embraced the US dollar, and Russia is disappointed with the stance. India has repeatedly distanced itself from the new payment…