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 ...

BRICS continues to develop a cross-border payment system that could ultimately accelerate de-dollarization and create ...

The BRICS Currency Initiative, aimed at reducing reliance on the US dollar and potentially creating an alternative reserve currency, faces significant hurdles that make it unlikely to challenge the ...

U.S. President Donald Trump warned the so-called BRICS nations against replacing, or backing any currency to take the place ...

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 ...

Western officials have questioned the growing influence of Brics, with US President Donald Trump repeatedly threatening tariffs if the bloc moved to create a currency to rival the US dollar's ...

India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative ...

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 ...