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BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National CurrenciesSouth Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the […]

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BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit

BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming SummitThe BRICS nations are set to discuss the feasibility of a common currency at the upcoming leaders’ summit. “It’s a matter we must discuss and discuss properly,” a South African minister stressed, noting that a growing number of countries are saying: “Why can’t we trade in our own currencies? Why are we committed to trading […]

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Investment Analyst Warns Successful BRICS Currency Could Hurt US Living Standards

Investment Analyst Warns Successful BRICS Currency Could Hurt US Living StandardsInvestment analyst Jon Wolfenbarger has warned that a successful BRICS currency could hurt U.S. living standards and “lead to less power for the U.S. government, similar to the weakening of the UK after World War II.” He stressed: “Due to the Russia-Ukraine war and China’s continued economic growth, the BRICS are accelerating plans to take […]

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Russian Official Expects Agreement on BRICS Currency This Year

Russian Official Expects Agreement on BRICS Currency This YearThe chairman of the State Duma Committee on the Financial Market says that an agreement on the BRICS currency can be reached in 2023 as BRICS nations ramp up their de-dollarization efforts to shift away from U.S. dollar reliance. “By linking its economy and currency to politics, the U.S. is practically undermining the foundations of […]

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Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals

Russia Actively Discussing BRICS Expansion With Member Nations, Official RevealsA 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 countries to reach a consensus,” according to Russia’s Foreign Ministry. Member Countries Discuss BRICS Expansion Maria Zakharova, the […]

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Brazil’s President Lula Voices Support for BRICS Currency

Brazil’s President Lula Voices Support for BRICS CurrencyBrazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that […]

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BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist Warns

BRICS Currency Will Erode US Dollar’s Dominance, Former White House Economist WarnsFormer White House economist Joseph Sullivan has warned that a BRICS currency would erode the U.S. dollar’s dominance. If member nations use only a common BRICS currency for international trade, “they would remove an impediment that now thwarts their efforts to escape dollar hegemony,” he described. Former White House Economic Advisor on BRICS Currency and […]

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De-Dollarization Trend Irreversible, Flight From US Dollar Sure to Accelerate, Says Russian Official

De-Dollarization Trend Irreversible, Flight From US Dollar Sure to Accelerate, Says Russian OfficialRussia’s foreign minister says a flight from the U.S. dollar “is sure to accelerate,” emphasizing that “this trend is irreversible.” The official added: “The path of sanctions is the path to nowhere. Serious countries and sober-minded politicians are drawing relevant conclusions and these conclusions are definitely in favor of terminating dependence on the West.” Russian […]

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BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’

BRICS Nations Push to Expand Global Influence to Counter the West’s ‘Destructive Actions’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 need for joint efforts to counter destructive actions aimed at destroying the established security architecture.” BRICS Seeks Expand Global Influence Russia’s Minister […]

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Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency

Targeting the US Dollar’s Hegemony: Russia, China, and BRICS Nations Plan to Craft a New International Reserve CurrencyWhile inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International […]

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