What Is a BRICS Currency, and Could One Be Adopted?
JOHANNESBURG (Reuters) -Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment...
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One currency to rule them all – Economy and ecology
The representatives of Brazil, Russia, India, China and South Africa arrived to South Africa for the 15th BRICS Summit with...
Emerging economies are pushing to end the dollar’s dominance. But what’s the alternative?
ABUJA, Nigeria (AP) — Business has vanished at Kingsley Odafe’s clothing shop in Nigeria’s capital, forcing him to lay off...
India Uses Rupees to Buy Oil From the UAE
India bought 1 million barrels of oil from the United Arab Emirates using its own currency instead of US dollars....
These Latin American, African nations are next in line for India’s bilateral currency settlement drive
As India continues to advance its bilateral currency settlement initiative, it is poised to engage with prominent partners in Latin...
Brazil, South Africa may be next in line for India’s bilateral currency settlement plan
Story continues below Advertisement After the United Arab Emirates (UAE) and Indonesia, India may turn to key partners in Latin...
Latin America’s resurgence – Deutsche Bank
From left to right: Francisco Martínez, Coverage; Facundo Piña, CFO; Alejandro Gutiérrez, Trader; Xavier Avila, Head of Derivatives Latam; Adolfo...
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the point. In August 2023, South Africa will host the leaders of Brazil, Russia, India, China and South Africa – a group of nations known by the acronym BRICS. Among the items on the agenda is the creation of a new joint BRICS currency. As a scholar who has studied the BRICS countries for over a decade, I can certainly see why talk of a BRICS currency is, well, gaining currency....
Rise of BRICS Currency: Shift Away from Dollar as Default
Could a new currency be set to challenge the dominance of the dollar? Perhaps, but that may not be the...
De-dollarization: What Happens if the Dollar Loses Reserve Status? | Investing
One of the more intriguing financial trends that gained steam last year was the de-dollarization movement. This is an effort by a growing number of countries to reduce the role of the U.S. dollar in international trade. Countries like India, China, Brazil, Malaysia and Bolivia, among others, are seeking to set up trade channels using currencies other than the almighty dollar. With so much of the world economy reshaping itself in the post-pandemic landscape, is the reserve status of the U.S. dollar going to be the next domino to fall?To...