Browsing: local currencies

The BRICS 2024 summit in Russia has caught the attention of Western leaders, particularly from Europe. They are acutely aware…

In recent years, the BRICS countries have made significant strides in reshaping the economic landscape. The alliance has seen a…

BRICS nations have shifted 65% of their trade settlements into local currencies, significantly reducing reliance on the US dollar.This strategic…

In a significant shift in global trade dynamics, the BRICS nations, alongside the Commonwealth of Independent States (CIS), have opted…

Nigeria has taken a significant step by abandoning the US dollar in its crude oil trading. This strategic decision occurs…

The dominance of the US dollar in global trade is under scrutiny as ASEAN countries explore alternatives.With rapidly growing economies,…

The upcoming 16th BRICS summit, scheduled in Russia, promises significant discussions. Among the major agenda items is the potential inclusion…

In a noteworthy development, about 40 countries are expressing interest in joining the BRICS alliance as they seek alternatives to…

BRICS nations are planning to introduce an innovative payment system that facilitates trade through local currencies, bypassing the US dollar.This…

The BRICS alliance, comprising Brazil, Russia, India, China, and South Africa, is considering a new currency system. This currency could…