In recent years, the concept of de-dollarization has gained momentum amongst global alliances. Following the example set by the BRICS countries, new groups are actively seeking…
BRICS countries have long aspired to diminish the US dollar’s dominance in global trade. Yet, recent summits haven’t produced a breakthrough in this mission. Now, the…
The BRICS countries are redefining global trade dynamics. Recent developments highlight a move towards settling 85% of trade in local currencies within the Commonwealth of Independent…
As the 2024 BRICS summit approaches, discussions around the potential of a shared currency are intensifying.This emerging currency aims to enhance financial independence among member states…
ASEAN nations have been strategically positioning themselves to mitigate the impact of potential US tariffs. These preparations involve a shift towards local currency usage, aimed at…
The BRICS alliance has revolutionised global oil trade by settling 78% of transactions in local currencies—a strategic departure from US dollar reliance.This historical shift highlights growing…
BRICS Pay emerges as a pioneering step away from dollar dependence, offering secure transactions.This system could reshape economic landscapes by increasing local currency use in global…
BRICS nations are increasingly bypassing the US dollar in trade settlements. This pivotal shift underscores a strategic economic reorientation.By settling 65% of their trade in local…
The international trade paradigm is witnessing an unprecedented shift, as BRICS and the Commonwealth of Independent States (CIS) explore financial independence by sidelining the US dollar.…
Nigeria has announced a groundbreaking shift in its oil trade policies, choosing to abandon the US dollar. This move aligns with the upcoming BRICS Summit, reflecting…
