BRICS Pay: New Payment System Challenges Dollar Dominance and Western Sanctions
Analysis of BRICS’ proposed digital payment platform to bypass Western financial systems and its geopolitical implications.
Analysis of BRICS’ proposed digital payment platform to bypass Western financial systems and its geopolitical implications.
Analysis of BRICS’ evolving role in global governance, India’s upcoming presidency priorities, and the bloc’s institutional development.
Analysis of BRICS’ fragmented response to U.S.-led global governance initiatives at Davos
A Russian economist highlights how BRICS Pay could enhance trade efficiency and financial autonomy for BRICS members.
Amid geopolitical tensions, BRICS nations are implementing alternative financial systems to bypass USD dominance in global trade.
Analysis of BRICS energy cooperation’s potential to reshape global energy governance through multipolar frameworks and local-currency trade mechanisms.
BRICS countries are advancing discussions to implement a unified payment platform enabling direct transactions in national currencies, reducing reliance on the SWIFT system and US dollar.
The Reserve Bank of India proposes a unified payment system to facilitate trade and tourism among BRICS nations using local currencies, reducing reliance on dollar-dominated systems like SWIFT.
India leads initiative for interconnected CBDCs among BRICS nations, aiming to establish alternative payment infrastructure by 2026 summit.