India and Indonesia enhance trade by settling transactions in rupees and rupiahs, sidelining the US dollar to bolster economic ties within BRICS. Despite warnings and tariff threats from former US…
Browsing: BRICS
US President Donald Trump has warned against de-dollarization by the BRICS bloc. The potential of Bitcoin displacing the Dollar remains a key consideration among proponents. President Donald Trump has warned…
Russia and Iran have joined forces to create an alternative to the SWIFT payment system, aiming to bypass the international financial network controlled by the West. Both countries plan to…
Goldman Sachs warns that rising tensions between BRICS and the US could push oil prices higher. Trump has strongly opposed BRICS’ move to reduce reliance on the US dollar, increasing…
The BRICS bloc’s push for de-dollarization and its rising prominence in reshaping global economic dynamics have drawn significant interest from Africa, Asia, and Latin America. U.S. President-elect Donald Trump has…
BRICS nations, especially Iran and Russia, are actively moving away from using the US dollar in their trade dealings. The de-dollarization trend is driven by economic sanctions and geopolitical shifts,…
Twenty-three countries have shown interest in joining the BRICS coalition in 2025, signaling a shift in global economic alliances as emerging markets aim to enhance their influence amid Western dominance.…
BRICS is set to exceed half of global GDP in 10–15 years. The bloc now outpaces the G7 in PPP and expands its global influence. The BRICS nations of Brazil,…
Trump threatens 100% tariffs to prevent BRICS nations from replacing the U.S. dollar as a global reserve currency. Rising frustrations over U.S. financial dominance set the stage for global trade…
President Vladimir Putin of Russia is pushing BRICS to invest in developing economies. While not abandoning the US Dollar, the quest for financial independence is core to the BRICS alliance.…
Russia is laying plans to establish Bitcoin mining and AI computing facilities in BRIC’s nations just after Russia’s sovereign wealth fund entered a partnership with BitRiver. By fostering a collaborative…
BRICS leaders at the Kazan Summit are pushing for Bitcoin as a financial tool to bypass Western sanctions, signaling a shift away from US dollar dependency. Strategic partnerships and crypto…
Russia is proposing the use of multicurrency payments in BRICS to minimize the dependence upon the US dollar. Russia proposes using blockchain to minimize expenses and dependence on the conventional…
Despite U.S. regulatory challenges, Japan and BRICS are driving XRP adoption, positioning it as a global payments alternative. XRP’s fast and cost-effective transactions make it a potential competitor to SWIFT,…
The members of the CIS alliance have started conducting trade settlements in local currencies. The goal remains to alleviate the strains from over-dependence on the US Dollar. The Commonwealth of…
BRICS is considering using the Chinese yuan for oil payments to reduce reliance on the U.S. dollar. Saudi Arabia is open to trading oil in yuan, though it prioritizes keeping…
The BRICS bloc is challenging the dominance of the US dollar amid a growing de-dollarization movement worldwide. Experts warn that the US dollar may be nearing its end due to…
Despite the SEC lawsuit, the BRICS nations and Japan have continued to show interest in XRP. The coin has recovered from the losses triggered by the Appeal filed earlier this…
BlackRock is quietly positioning itself for a potential US dollar collapse by embracing Bitcoin and stablecoins like UStb as alternative hedges. The rise of BRICS and tokenized finance could accelerate…
UBS has hinted that the US Dollar could further depreciate amidst the decision of global central banks to tighten their monetary policies and the BRICS’ relentless de-dollarization effort. According to…