The New Development Bank (NDB), commonly called the BRICS bank has expanded lending in local currencies. The bank is moving away from the US dollar and prioritizing currencies of member…
Russia has officially launched a mega de-dollarization drive to help the BRICS alliance navigate away from the Western financial system. Russian Finance Minister Anton Siluanov said to RT that the…
Egyptian Prime Minister Mostafa Madbouly has confirmed that BRICS member states are increasingly adopting local currency settlements for trade. The formation of a new BRICS currency was not discussed at…
Taking inspiration from the BRICS alliance, Africa has launched a new marketplace to facilitate the seamless exchange of African currencies. The Pan-African Payment and Settlement System (PAPSS) partnered with Interstellar,…
The BRICS future has catalyzed unprecedented uncertainty right now after the 17th Annual Summit in Rio de Janeiro exposed some pretty deep divisions over various major currency policy initiatives and…
As the global economic balance tilts and new alliances emerge, one question echoes through diplomatic halls and financial markets: Can BRICS really challenge the dominance of the US? With the…
BRICS member India is shielding itself from Trump’s tariffs by projecting it has no plans to challenge the US dollar. India is seeking to dodge Trump’s tariffs after he threatened…
The formation of a new common currency and the de-dollarization agenda were the main goals of BRICS. However, both agendas were omitted at the 2025 summit with world leaders barely…
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Brazil’s Ambassador to India Kenneth Felix Haczynski da Nobrega confirmed in a recent interview that the BRICS alliance has no plans of creating a new currency to challenge the US…