BRICS Pay versus the Dollar: How the Non-Western World Plans to Reshape Global Finance
BRICS is expanding local-currency financing and exploring alternative payment infrastructure to reduce dollar dependence through gradual financial cooperation.
BRICS is expanding local-currency financing and exploring alternative payment infrastructure to reduce dollar dependence through gradual financial cooperation.
India will chair the BRICS Heads of National Statistical Offices meeting in Lucknow on August 3-4 as part of its 2026 BRICS Chairship and the BRICS Statistics Track.
India is preparing a series of BRICS ministerial meetings ahead of the September summit in Delhi, with focus on trade in local currencies, financial reform, fair trade, and resilient supply chains.
Brazil is seeking new markets after US tariffs, and analysts say BRICS may help diversification but only in the medium and long term.
A Russian proposal under study would create a BRICS commercial and payment system using member countries’ currencies, potentially reducing reliance on the dollar and supporting commodity trade.
Bhubaneswar will host the BRICS India Chairship Education Track Meetings with delegates from BRICS member countries.
Chinese President Xi Jinping may visit India for the BRICS summit in New Delhi; if confirmed, it would be his first India trip since the pandemic and Galwan tensions.
China expressed support for India’s efforts to make the BRICS summit successful but declined to confirm whether President Xi Jinping will attend.
BRICS Culture Working Group meetings under India’s 2026 BRICS Presidency addressed cultural cooperation, heritage protection, creative economies, copyright, and ethical use of AI.