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Momentum for a BRICS currency is building, with gold-backed alternatives and trade strategies gaining traction, but challenges to dethroning the dollar remain. BRICS Currency and Dedollarization—Expert Exposes the Hard Truth Behind the Hype Momentum is building for a BRICS common currency as the economic bloc expands, currently comprising Brazil, Russia, India, China, South Africa, the … Read more
Russia claims it can reconnect to SWIFT anytime but questions its relevance as digital finance evolves. Could SWIFT become obsolete as BRICS nations develop alternatives? Russia Calls SWIFT Obsolete—Is Crypto the Key to the New Financial Order? Russia claims that it has the technical ability to reconnect to the Society for Worldwide Interbank Financial Telecommunication … Read more
BRICS is set to dominate 40% of the global economy by 2030, while the West’s share shrinks to 27%, Russian Economic Minister Maksim Reshetnikov said. Global Power Shift: BRICS Economy Surges While the West Faces Sharp Decline The BRICS alliance is poised to reshape the global economy, with projections indicating it will account for around … Read more
Brazil has reportedly decided against pursuing a common currency for the BRICS nations during its presidency this year. Instead, the focus will be on facilitating trade in local currencies, a move that’s been met with warnings from U.S. President Donald Trump about challenging the U.S. dollar’s dominance. The BRICS bloc has been exploring alternatives to … Read more
Russia is turning its back on the G7, calling it outdated, and shifting its focus to BRICS, SCO, and G20 as the new pillars of global influence. Russia Chooses BRICS and G20 Over ‘Outdated’ G7 Russia is prioritizing BRICS, the Shanghai Cooperation Organization (SCO), and the Group of Twenty (G20) over the Group of Seven … Read more
Countries are accelerating a shift away from the U.S. dollar in trade, with Russia and Ethiopia deepening currency ties to enhance economic stability and reduce reliance on foreign exchange. Global Shift Away From US Dollar Accelerates—Russia and Ethiopia Deepen Currency Ties Countries worldwide are increasingly shifting away from the U.S. dollar in trade, opting instead … Read more
Iran supports a unified BRICS currency if all members agree, signaling a shift toward economic cooperation as the bloc explores alternatives to reliance on the U.S. dollar. Iran Supports Unified BRICS Currency Amid Global Tensions Iran has expressed willingness to support the creation of a unified BRICS currency, provided that all member nations reach a … Read more
BRICS is focusing on investment partnerships over currency unification, Russian officials indicated, as discussions around reducing reliance on the U.S. dollar continue amid global economic shifts. Russia Puts BRICS Currency Speculation to Rest—Here’s the Bloc’s Real Financial Agenda Russian spokesman Dmitry Peskov stated on Jan. 31 that BRICS is currently not considering a shared currency, … Read more
The U.S. is closely monitoring BRICS currency talks, an Indian expert says, as the bloc advances efforts to reduce dollar reliance and boost financial sovereignty. US Monitoring BRICS Currency Talks, Says Indian Expert The ongoing push within BRICS to explore dedollarization and introduce a potential BRICS currency has garnered significant attention from global powers, particularly … Read more
BRICS nations are boosting trade in national currencies, a move Iran emphasizes as vital for reducing dollar dependence and countering the economic impact of sanctions. Breaking Free From the Dollar: Iran Pushes BRICS Toward Financial Sovereignty Countries worldwide are increasingly reducing their reliance on the U.S. dollar in international trade, signaling a significant shift in … Read more
