Russian FM Sergey Lavrov has revealed that BRICS is developing an alternative global payment system—one that could rival SWIFT and include non-member nations. Lavrov confirmed Brazil proposed the ...

Russia pushes BRICS digital finance shift as de-dollarization accelerates, aiming to reduce reliance on U.S.-controlled ...

The massive new levies are not primarily punitive in nature, but could be perilous if they fail to achieve their goal Read ...

Should the BRICS nations establish a new reserve currency, it would likely significantly impact the US dollar, potentially leading to a decline in demand, or what's known as de-dollarization.

BRICS began in 2001 as a Goldman Sachs acronym: a bet that these economies would dominate global growth by 2050. By 2009, the BRIC countries were meeting as a bloc, and South Africa joined in 2010 — a ...

The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, has been accelerating efforts to ...

The dollar, long a cornerstone of the global economy, could be at risk thanks to the latest tariffs on America's trading partners.

Bernier, on Commodity Culture, urged Canada to buy gold, predicting a "new monetary order." He critiqued trade policy, called ...

15, No. 4, Winter 2024 Navigating the Tides of De-dollarization... Navigating the Tides of De-dollarization: Impact on Global Economy and BRICS Initiatives This is the metadata section. Skip to ...

As BRICS continues to expand its membership, the movement toward de-dollarization may gain additional momentum. The creation of a BRICS currency or expanded use of local currencies in trade could ...