Browsing Category
BRICS
2300 posts
BRICS: Russia & India Settle $40B of Trade in Local Currency
Amid BRICS’ overarching de-dollarization efforts, both Russia and India have settled $40 billion worth of trade in local…
UAE Forecasting 5.7% Economy Growth After Joining BRICS
In a new look at the country’s financial outlook, the United Arab Emirates (UAE) is forecast to experience…
BRICS Pay: Paving the Way for a Currency in 2024?
One of the major desires of the BRICS bloc has been its attempts to curtail the Western-led SWIFT…
Trade Between BRICS Countries To Reach $500 Billion
Trade between BRICS countries experienced a rapid rise in 2023 after signing new deals and renewing existing partnerships…
BRICS: China’s Yuan now 4th Most Used Global Currency
In what is certainly a positive development for the BRICS bloc, China’s Yuan is now the 4th most…
BRICS: US Dollar Used in 48% of International Transactions
As a sign of the prevailing dominance of the greenback despite BRICS de-dollarization, the US dollar is still…
BRICS Confirms Another 6 Country Expansion in 2024
At the bloc’s 2023 annual summit, the BRICS alliance announced a landmark six-country expansion effort. Subsequently, Saudi Arabia,…
BRICS: US Dollar Reserves Fall 6.5% But Local Currencies Rise 3.65%
The Central Banks of BRICS countries have been offloading US dollars through the year to protect their respective…
BRICS: China & Saudi Arabia Drive Global End to US Dollar
For much of the year, the BRICS bloc has seen a renewed focus on de-dollarization. Indeed, its 2023…
BRICS: How Bitcoin Could Help Alliance Ditch the US Dollar
The geopolitical landscape has undergone a massive transition for much of the last year. Simultaneously, digital assets have…