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BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization
[Jul 22, 2023 7:30 PM] The heavily anticipated BRICS currency is not on the agenda to be discussed at the economic bloc’s upcoming leaders’ summit, according to South Africa’s diplomat in charge of BRICS relations. He clarified that the BRICS members will focus on…
Dollar Reliance Shrinks — China’s LNG Deal With Qatar Challenges ‘Frenemy’ Status With US
[Jun 21, 2023 8:30 AM] This week, China and Qatar strengthened their bond through a significant development on Tuesday. China National Petroleum Corporation (CNPC) and Qatarenergy inked a 27-year deal, outlining China’s commitment to procure liquefied natural gas…
Bangladesh Eyes BRICS Invite as Rumors Swirl of Formal Request
[Jun 19, 2023 11:30 PM] In mid-May, several reports indicated that Bangladesh and India were engaging in currency trading using their respective currencies in order to address U.S. dollar liquidity challenges. Recent sources now reveal that Bangladesh is welcoming a…
Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance
[May 19, 2023 11:30 PM] A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging…
BRICS Nations Discuss Expansion Plan as Membership Interest Grows
Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals
[Apr 28, 2023 6:00 PM] A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the expansion of the economic group. “This requires a thorough analysis and delicate internal work by the five…
Putin and Saudi Crown Prince Discuss Potential BRICS-Saudi Arabia Collaboration
[Apr 21, 2023 7:00 PM] Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman Al Saud discussed potential collaboration between Saudi Arabia and the BRICS on Friday. In addition, Putin and the Saudi Crown Prince “expressed satisfaction with the…
Economist and Political Scientist Refute Claims of US Dollar’s Demise Despite Trend of De-Dollarization News
[Apr 17, 2023 2:00 PM] This year, there has been a flurry of news reports and opinion editorials discussing an alleged de-dollarization trend amid a wave of disclosures associated with the BRICS bloc. In a recent article, the American political scientist and author Ian…
BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’
[Apr 12, 2023 7:30 PM] The BRICS nations are focusing on increasing their international roles and “enhancing coordination on key multilateral platforms,” Russia’s Minister of Foreign Affairs reportedly revealed after a meeting with BRICS ambassadors. He stressed “the…
India-Russia Oil Deals Chip Away at Dollar Dominance in International Trade
[Mar 8, 2023 11:41 AM] On Wednesday, Reuters reported that Western sanctions on Russia and oil trading between Moscow and India have started to erode the dollar’s decades-old dominance of international oil trade. The oil deals between India and Russia have been…
Expert Predicts Looming Economic Collapse as BRICS Nations Unite Against the Dollar
[Feb 20, 2023 3:00 PM] Andy Schectman, CEO of Miles Franklin Precious Metals Investments, explained in a recent interview that the five leading emerging economies—Brazil, Russia, India, China, and South Africa, collectively known as BRICS nations—are “coalescing…
Report: China Suspected of Stockpiling Gold to ‘Cut Greenback Dependence’
[Nov 22, 2022 3:00 PM] During the first week of November, the World Gold Council’s (WGC) report that covered last quarter’s global gold demand noted that central banks worldwide purchased close to 400 tons of gold in Q3 2022. The study highlighted that it was the…