The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective ...

Russian President Vladimir Putin said on Wednesday in the welcome address to BRICS Business Forum participants. "The matter of creating the international reserve currency based on the basket of ...

February 13, 2025 Brazil nixes BRICS currency, eyes less reliance on 'mighty' dollar Brazil's BRICS presidency this year will not advance a common currency for the group of major developing ...

The BRICS alliance has announced plans to establish a new precious metals exchange designed to rival existing Western-based ...

Lately, members have been talking of “de-dollarizing” trade, with some raising the prospect of a new shared BRICS currency. While calls for de-dollarization are nothing new, some experts ...

While the discourse around de-dollarization gains momentum, particularly with the strategic expansion of BRICS, the U.S. dollar's preeminence remains largely unchallenged.

Unsurprisingly, in December 2024, then-candidate US Donald Trump threatened to impose 100% tariffs on the BRICS group of nations if they created a rival currency, resulting in a shift away from ...

But more alarming to India – as well as other members of the Brics economic alliance ... its reliance on the US dollar as its trade currency. Claiming Brics was “dead”, Trump threatened ...

For the best experience, please enable JavaScript in your browser settings. President-elect Donald Trump threatened to impose a 100 per cent tariff on the BRICS group ...