Currencies85% Trade Settled in Local Currencies, Not US Dollar3 months agoThe BRICS alliance is advancing the de-dollarization agenda by using local currencies and rejecting the US dollar for trade. Russian...
CurrenciesBRICS’ de-dollarization agenda has a long way to go3 months agoNew Delhi — BRICS leaders, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have publicly voiced their commitment...
CurrenciesGlobal de-Dollarisation! Can BRICS lead the way for trade in local currencies?3 months agoThe BRICS summit at Kazan in Russia took a few tentative steps to push trade in local currencies, payment instruments...
CurrenciesGoldman Sachs Predicts the Future of BRICS Currency3 months agoFormer Goldman Sachs Chief Economist Jim O’Neill, who coined the abbreviation ‘BRICS’ in a Global Economic research paper in 2001,...
CurrenciesPutin Says Russia Is ‘Not Refusing, Not Fighting’ the Dollar3 months agoRussian President Vladimir Putin tempered expectations on de-dollarization at BRICS' summit.BRICS aims to use local currencies, not create a SWIFT...
CurrenciesPutin’s BRICS Mock-Up Bill Sparks Debate, But No New Currency Yet – Economy News3 months agoA photo of Russian President Vladimir Putin holding what appeared to be a colorful BRICS banknote during the recent summit...
CurrenciesBRICS Unveils Symbolic Banknote, Pushes for Local Currency Trade Amid Dollar Debate – Economy News3 months agoAt the BRICS summit in Kazan, Russia, a symbolic BRICS banknote was unveiled, igniting discussions on reshaping global finance. The...
CurrenciesBRICS Banknote Coming? Putin-Led Currency Could Put Pressure On US Dollar3 months agoBRICS is reportedly planning to launch a banknote (AP and Twitter)Photo : APSeveral reports have come up claiming that BRICS...
CurrenciesDefend euro against China-Russia push for alternative currency: Europe’s bank chief3 months agoEuropean Central Bank President Christine Lagarde made a case for defending the euro as Russia and China touted de-dollarisation efforts...
CurrenciesBRICS New Development Bank to provide financing in national currencies to Global South3 months agoKAZAN — The BRICS New Development Bank is committed to providing financing in national currencies to countries of the Global South,...