BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar
Russia has sold nearly 78% of oil exports to its BRICS counterparts China and India between 2022 to 2023. The...
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The BRICS Currency is on the Horizon
As the 16th BRICS summit approaches, the world is watching with anticipation. With the introduction of new members and the...
BRICS Bank to finance members’ projects in local currencies
The New BRICS Development Bank (NDB) is set to launch payments in local currencies to invest in the private sector of...
Russia outlines proposal for BRICS DLT cross border payment system – Ledger Insights
A new research paper out of Russia proposes the future of the international monetary and financial system. The country is...
12 Countries Drop US Dollar
The members of the CIS alliance have started conducting trade settlements in local currencies. The goal remains to alleviate the...
US Dollar Fails To Enter the Top 5 Strongest Currency List
Forbes recently updated the top 5 most strongest currencies in the world for 2024 and the US dollar did not...
India To Accept Local Currencies For Trade, Sideline US Dollar
BRICS member India may consider accepting local currencies for trade and sideline the US dollar only if they are ‘non-binding’,...
Bitcoin’s promise and the rationality of BSV
In the world of investing, there is a fundamental premise: the belief that you are ahead of the curve, betting...
BRICS: India may consider proposal to use national currencies if ‘non-binding’
With most BRICS countries strongly pushing for use of national currencies for trade and financial transactions within the bloc in...
New Country Ready to Back Currency With Gold, Ditch US Dollar
The African nation Ghana is looking to back its local currency, the Cedi with gold. Ghana’s Vice President Mahamudu Bawumia...
