Yet the lack of adequate statistics on the FX structure of trade is an obstacle to gauging BRICS de-dollarisation progress. While the ECB provides some of the most insightful analyses of the ...

On the first day of assuming office (January 20), he warned BRICS against taking a decision that could lead to 'de-dollarisation' of the global economy. Speaking to reporters upon assuming office ...

BRICS will probably have the most room to progress their de-dollarisation agenda in the areas of reserve management and energy trade invoicing, ING’s Chris Turner notes. BRICS de-dollarisation ...

US President Donald Trump recently issued a strong warning to the Brics nations, a group of emerging economies that includes ...

This reality spurred the BRICS nations' collective push for de-dollarisation & self-reliance, and it's here that BackD's BRICS stablecoins come into play. This dollarisation has also spread to the ...

The recent BRICS Summit, held in Kazan, Russia, from October 22 to 24, 2024, focused on promoting currency cooperation and exploring alternatives to the dollar. Through initiatives like enabling ...

As Lance Witten editor-in-chief for IOL, notes: "It's important that we have a payment mechanism that allows for easy trade between BRICS bloc countries. This would further support the BRICS bloc ...

Proponents argue that a common BRICS currency, potentially backed by gold or other resource assets, could transform the global monetary system and strengthen economic ties within the bloc.

BRICS+ controls 42% of global central bank FX reserves, likely contributing to the global de-dollarisation process. Gold is the biggest potential alternative to the US dollar for the bloc. Despite ...