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BRICS: JP Morgan Predicts Future Gold Price
With the asset’s performance certainly on the decline since the start of the year, JP Morgan has recently…
BRICS: China Pushes Yuan in Africa, Reduces US Dollar Debt Repayment
The US imports its debt around the world making other countries carry the risk of hoarding the currency.…
Nigerian Currency Crashes To New Low Against the US Dollar
The Nigerian local currency Naira (NGN) plunged to a new low against the US dollar reaching 893.5 on…
Elon Musk’s X Receives Money Transmitter License In Nevada
Elon Musk’s X social media platform (formerly known as Twitter) has received a money transmitter license for payment…
BRICS: UAE Pays China With New Digital Dirham, Ditches US Dollar
BRICS members UAE and China settled a cross-border transaction on Monday using the new Digital Dirham sidelining the…
BRICS: Russia Building New Payment System Without U.S. Dollar
BRICS member Russia confirmed on Sunday that Kremlin is working towards building a new payment system without incorporating…
BRICS: China’s Real Estate Firm to Liquidate $300 Billion in Assets
BRICS member China’s largest real estate developer Evergrande has been ordered to liquidate $300 billion in assets by…
BRICS: Morgan Stanley Predicts Future of the U.S. Dollar
Leading global investment bank Morgan Stanley published a new report predicting the future of the U.S. dollar. The…
BRICS Expansion a Threat To SWIFT Payment System & US Dollar
The new BRICS expansion could lead to a decline in global SWIFT transactions that can inadvertently affect the…
BRICS: Africa to Ditch US Dollar as World Bank Fails To Provide Funds?
The BRICS alliance invited six new countries to join the bloc after the 15th summit in Johannesburg last…