Just when the US allowed India to procure Russian oil in early March, the BRICS country chose to increasingly pay in local currencies and not the US dollar. India is…
While the BRICS alliance has cooled down on pushing local currencies for global trade, China is doing the opposite and is aggressively pursuing various means to promote the Chinese yuan…
The BRICS Unit as a replacement for the US dollar debate has a new urgency to it. The US-Iran war cost sits at anywhere between $800 million and $2 billion…
The BRICS alliance has spent the last few years promoting trade in local currencies as an alternative to the US dollar. Russia has been one of the strongest supporters of…
The BRICS payment system is entering a decisive operational phase right now, in 2026, connecting central banks from China, India, Egypt, and the UAE through a Brazil-backed payment network designed…
The BRICS new global order marks a turning point in global finance right now. Emerging economies are reshaping monetary systems through de-dollarization efforts, and also developing the Unit as an…
BRICS member Russia is actively considering returning to trading in the US dollars in a potential economic shift with a new trade deal with the Trump administration. A memo reviewed…
The issuance of Hong Kong crypto licenses in March 2026 comes despite mainland China maintaining its cryptocurrency ban. The Hong Kong Monetary Authority has catalyzed various major regulatory assessments across…
Yuan peaks against the US dollar and it is currently trading at its best since May 2023 at a rate of approximately 6.91 yuan per US dollar. This appreciation in…
Countries accept BRICS Unit as an alternative to dollar-dominated trade, and this shift is gaining momentum right now. A gold-backed digital currency is being piloted by 11 full member nations.…