The New Development Bank (NDB) plans to disburse loans in national currencies to end dependency on the US dollar. The move will also strengthen the alliance and make local currencies…
China and Russia are pushing the idea of a BRICS currency while India and Brazil are taking a step back. The upcoming tender is the talk of the town as…
The BRICS energy alliance has launched a coordinated system of petro-yuan oil contracts that directly challenges US dollar dominance in global energy markets. The expanded bloc controls 46 million barrels…
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…