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All Nations Invited to Join BRICS Said ‘Yes’ to Membership: Russian Diplomat

[Aug 27, 2023 1:30 AM] The six countries that received an invitation to become members of BRICS at its summit have confirmed their decision to join the bloc, one of Russia’s top diplomats unveiled. The high-ranking official added that at this point in time it would be…

BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says

[Aug 24, 2023 3:00 AM] The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of Finance Anton Siluanov unveiled. This would be an alternative to the U.S. dollar that can be used to denote the cost of some commodities, for…

US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says

[Aug 17, 2023 1:30 AM] BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda, South Africa’s BRICS Sherpa stated. The talks in Johannesburg next week will also focus on the expansion of the bloc of emerging economies…

BRICS Is No Joke, Bloc Could Become G7 Counterpart, Experts Say

[Aug 14, 2023 3:00 AM] The BRICS challenge to the world’s established economic order is not a joke, according to experts in the field of international relations. Now that the bloc, which unites leading emerging markets, accounts for over a quarter of the global gross…

BRICS Expansion to Make West Recognize New World Order, De-Dollarization: UAE Professor

[Aug 11, 2023 5:30 PM] The accession of new members will allow BRICS to push the West to accept changes in international relations, an expert from UAE has been quoted as stating. That’s valid in particular for cross-border trade and de-dollarization, said Mohamed El…

Next Year’s BRICS Summit to Gather More Than 5 Leaders, Russian Diplomat Predicts

[Jul 23, 2023 11:30 PM] Moscow expects the number of leaders participating in the 2024 BRICS summit to be greater than five, according to a high-ranking Russian diplomat. The statement comes as the five-member organization prepares to discuss its enlargement at its…

BRICS Leaders to Talk Expansion at August Summit, Host Confirms

[Jul 19, 2023 1:30 AM] The leaders of the BRICS states will discuss the organization’s enlargement when they meet in South Africa, the country’s president indicated. The summit is set take place in August when over a dozen countries will hope to be given a path to…

India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead

[Jul 11, 2023 8:00 AM] Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention on the potential for the BRICS bloc to create a gold-backed reserve currency. However, Subrahmanyam Jaishankar, India’s…

Egypt Applies for BRICS Membership, Seeks Trade in National Currencies

[Jun 15, 2023 9:30 PM] Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The government in Cairo is interested in using alternative currencies in foreign trade, either national fiats or a new common currency, the…

Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements

[May 27, 2023 2:00 PM] Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the…

BRICS to Promote National Currencies Before Issuing Common One

[May 1, 2023 12:00 AM] The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat…