The idea of a shared currency issued by the Brics nations (Brazil, Russia, India, China, South Africa) made headlines in late 2024 ahead of their conference in Kazan, Russia. Wanting to move away from ...

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 ...

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 ...

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 ...

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 ...

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 ...