Taking on the might of the wealthy West, the five major emerging economies that founded the BRICS alliance – Brazil, Russia, India, China, and South Africa – have lofty aspirations to expand the group ...
Despite being the BRICS focus over the last two years, 2025 could mark the end of the alliance’s de-dollarization efforts. Although the bloc has sought increased financial prominence, it has yet to ...
The latest report from the Economic Times indicates that demand for the US dollar is rising in foreign banks despite the BRICS alliance aggressively pushing the de-dollarization agenda. The US dollar ...
As the world closely observes the BRICS efforts to reshape the global economic order, a new trend seems to undermine their ambitions. Foreign banks, far from aligning with the alliance’s ...