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BRICS Expansion Aims to Reduce ‘Dollar’s Decades-Long Dominance’ – Report
© AFP 2023 / KHALED DESOUKI Subscribe International India Africa Oleg Burunov All materialsWrite to the author Leaders of the BRICS countries reiterated their calls to evade the dollar and create a…
Pepe Escobar: Russia, BRICS, SCO Partners Need to Work on Unification of Payment Systems
© Sputnik / Alexander Demianchuk Subscribe International India Africa VLADIVOSTOK (Sputnik) – Russia and its partners within BRICS and the Shanghai Cooperation Organization (SCO) need to work on a unification…
Moscow releases Russia-China de-dollarization update
The share of the greenback in trade between the countries has dropped to a historic low, according to a Foreign Ministry official © Getty Images / Oleg Elkov The de-dollarization of Russia-China…
Türkiye proposes national currencies trade with Russia
The two countries aim to bring annual turnover to $100 billion © Getty Images / Gwengoat Turkish President Recep Tayyip Erdogan has underscored the importance of switching to national currencies in bilateral…
Petrodollar be warned: Three Persian Gulf energy powers just joined BRICS
The BRICS revealed its geopolitical priorities when it added three Persian Gulf states to its once exclusive roster of members. Iran, Saudi Arabia, and the UAE have been strategically included…
US dollar a ‘very problematic’ currency – Moscow
De-dollarization is not simply an aim pursued by Russia but has become a global reality, Maria Zakharova says © Getty Images / burakpekakcan Ever more countries are turning to national currencies for…
Pepe Escobar: Does BRICS Need Its Own Currency?
© Photo : Fotolia / Björn Wylezich Subscribe International India Africa Pepe Escobar All materials The new era opened with the strategic tour de force inbuilt in the creation of…
US government warned about sanctions blowback
Washington’s use of restrictions to further its political goals can obstruct peacekeeping efforts, the International Crisis Group has claimed © Getty Images / designer491; iStock Sanctions have become an “increasingly prominent tool of…
BRICS New Development Bank to Lend in South African, Brazilian Currencies
© Sputnik / Pavel Bednyakov / Go to the mediabank MOSCOW (Sputnik) – BRICS’ New Development Bank (NDB) plans to start lending in the South African and Brazilian currencies in…
African free-trade alliance considering common currency
AfCFTA Secretary General Wamkele Mene is hoping for greater engagement with the continent by BRICS © RT Cooperation between African nations and BRICS member states is crucial for the entire continent, as…
De-dollarization is irreversible – Putin
BRICS will become economically more powerful than the G7, the Russian president said in an address to the Johannesburg summit Russian President Vladimir Putin. © Sputnik/Mikhail Klimentyev The US dollar is losing…
BRICS to Deepen Financial Cooperation to Reduce Reliance on US Dollar
© Sputnik / Pavel Byrkin / Go to the mediabank Subscribe International India Africa Irreversible trend for more economies to shift away from US dollar: experts. The member states of…
Fifteen Countries May Join BRICS New Development Bank
© Sputnik / Grigory Sysoyev / Go to the mediabank Oleg Burunov All materialsWrite to the author Enlargement of the grouping is expected to be high on the agenda at…
US dollar ‘cannot be trusted,’ former IMF executive tells RT
BRICS needs alternative to the American currency, according to Brazilian economist Paulo Batista © Getty Images/pick-uppath The dollar-based international monetary system is becoming increasingly “dysfunctional,” prompting BRICS countries to consider creating their own…
BRICS: 85% of The World’s Population Ready Ditch U.S. Dollar
Vinod Dsouza Source: realmoney.thestreet.com A growing number of countries are expressing discontent with the U.S. dollar and America’s global financial policies. The dissatisfaction comes at a time when the BRICS…
BRICS Bank to expand trade in national currencies amid sanctions: South Africa
The headquarters of New Development Bank in Shanghai (Photo via China Daily) New Development Bank (NDB) launched by the BRICS bloc aims to increase local currency fundraising and lending, amid…
Russians ditching dollars – central bank
Around $450 million worth of foreign currency was converted into rubles last month, data shows © Getty Images / HAKINMHAN The drop in the ruble exchange rate against major foreign currencies has…
Russia and Qatar work on switching to trade in national currencies – envoy
Economic relations between the two countries have been on upward curve, according to Dmitry Dogadkin © Getty Images / hasan zaidi Moscow has proposed to Doha a switch to the use of…
US using dollar dominance as a ‘stick’ to beat other nations: Journalist
By Maryam Qarehgolzou The crippling sanctions imposed by the US on countries such as Iran and Russia have prompted them to look for ways to ditch the greenback and opt…
What To Expect As BRICS Gold-Backed Currency Launch Approaches
As we kickoff trading for the week, here is what to expect as the BRICS gold-backed currency launch approaches. BRICS Won’t Kill the Dollar — US Will July 23 (King…
Russia proposes alternative to EU clearing houses
A new securities depository exchange in the Persian Gulf could replace Euroclear and Clearstream, a top banker has said VTB Bank President Andrey Kostin. © Sputnik/Evgeny Biyatov An international depository settlement hub…
Honduras Launches Free Trade Agreement Talks With China
Subscribe International India Africa MEXICO CITY, (Sputnik) – Three months after severing relations with Taiwan, the Honduran government on Tuesday, announced the launch of negotiations with China for a free…
SCO Sets Course for De-Dollarization, Security and Sustainable Growth
© Sputnik / Alexander Kazakov / Go to the mediabank Ekaterina Blinova All materialsWrite to the author The virtual Shanghai Cooperation Organization (SCO) summit, which was hosted by India on…
Russia and Belarus complete integration of payment networks – envoy
Mir and Belkart will replace Visa and Mastercard in the two countries, says Dmitry Krutoy A cardholder inserts a SberBank MIR credit card into an ATM slot © Sputnik / Asatur Yesayants…
US prompting world to turn away from dollar – IMF official
More countries are shifting to national currencies in trade, according to Aleksey Mozhin © Getty Images / Martin Poole Washington has created conditions that force countries worldwide to search for alternatives…
BlackRock Starts Advising Clients to Move Investments to Gold
JD Rucker Larry Fink’s American multinational investment management corporation BlackRock has started advising its clients to move their investments into gold, sending investors around the world scrambling to shift their…
Clock ticking on US financial hegemony – senior Russian MP
America will cease to exist as a global economic powerhouse in ten years, Anatoly Aksakov believes © Getty Images / Lebazele Mounting debt and a reliance on sanctions have jeopardized US credibility…
US Treasury admits sanctions threaten dollar hegemony
Many countries are choosing alternative payment instruments and boosting non-dollar holdings within reserve assets, Janet Yellen acknowledged © Getty Images / Dilok Klaisataporn US sanctions are pushing many countries to seek alternatives…
How Russia sanctions sparked global revolt against US dollar
An increasing number of nations have been shunning the greenback in trade settlements © Getty Images / Peter Dazeley The number of international agreements aimed at abandoning the US dollar in trade…