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…
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…
This is a segment from The Breakdown newsletter. To read full editions, subscribe.“Since 1971, when the United States indefinitely suspended its promise to convert paper dollars into gold, we all use…
Ghana’s Cedi performance in 2025 has been absolutely wild this year, and the currency has jumped up by around 50% against the US dollar. The cedi’s trading at about GHS10.21…
“We don’t support any BRICS currency,” said India’s Union Commerce Minister Piyush Goyal in February. “I don’t think there’s any policy on our part to replace the US dollar,” said…
BRICS currency trade initiatives serve as protection against geopolitical vulnerabilities, not global de-dollarisation, according to a senior MEA official. The clarification addresses de-dollarization concerns while emphasizing that India foreign exchange…
The Bank of Korea (BOK) suspended its central bank digital currency project, Singaporean financial newspaper Business Times reported on Monday. The project had reached the stage of developing a pilot…
A new banknote is looking to challenge the US dollar by making other developing countries start trading in it. Every emerging economy is dumping the greenback and settling trade in…
Two countries in the Commonwealth of Independent States (CIS) have settled over $50 billion worth of trade in 2025 in local currency, ditching the US dollar for cross-border transactions. The…
BRICS member India spoke about the BRICS currency formation that could make its way into the global markets. The timeline for the launch could be much longer than expected as…