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 ...
Russia’s President Vladimir Putin proudly displayed a mock-up currency bill at the 16th summit in Kazan this year. The BRICS alliance clarified that the banknote is unofficial and was only a display ...
The BRICS alliance is gaining the support of oil-rich Middle Eastern countries in its aggressive global push towards de-dollarization. The bloc inducted oil exporting nations like the UAE, Egypt, and ...
The BRICS alliance is looking to leverage the UAE gold market in the quest for an alternative to USD. The role of Bitcoin and digital assets in the BRICS push is integral to its overall quest. The ...
“A new scenario is opening up for Argentina: we have joined the BRICS alliance,” Fernández underlined. “We have joined the BRICS alliance and thus we take a new step in the consolidation of ...
Others have suggested the move is a lead-up to releasing a new currency from BRICS nations, rumored to be named the “unit,” which would be backed 40% by gold and 60% by member country currencies.