BRICS Advances Local Currency Settlements in Trade
BRICS nations are accelerating direct trade settlements in local currencies, bypassing the US dollar, according to a Central Bank of Brazil report and fintech analysis.
Finance
Indonesia joins BRICS New Development Bank with $1 billion contribution
Indonesia’s investment in the BRICS NDB marks its active participation in the bloc’s financial architecture
Indonesia joins BRICS Bank with $1 billion initial investment
New Development Bank receives first contribution from Indonesia as full BRICS member
BRICS Successfully Launch Gold-Backed UNIT
BRICS introduces UNIT, a collateral-anchored settlement instrument for cross-border trade in a multipolar financial system.
De-Dollarisation Campaign: India, Russia, China Tighten Grip Against USD – Will The Currency Survive?
BRICS members India, Russia, and China advance local currency trade and explore a common alternative to challenge US dollar dominance in global finance.
Putin states common currency not immediate BRICS goal
Russian President Vladimir Putin clarifies BRICS’ position on de-dollarization during India visit
Putin: No Current Plan for Unified BRICS Currency
Russian President Vladimir Putin clarifies BRICS’ position on currency unification during India visit
Vladimir Putin on BRICS Currency and De-dollarisation: No Need for Haste
Russian President Vladimir Putin emphasizes gradual progress in BRICS currency discussions and addresses challenges in rupee-rouble trade mechanisms with India.
Putin Says Currently No Goal to Introduce Single BRICS Currency
Russian President Vladimir Putin clarifies BRICS’ monetary cooperation approach during India visit.