Russia’s attempt to convince other countries in BRICS to ditch the dollar in favor of building their own settlement system is ...

The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective ...

For decades, the U.S. dollar has ruled the world. Whether a Brazilian farmer sells soybeans to China or an Indian company buys oil from the Middle East, chances are the transaction runs through ...

Therefore, one of the topics is establishing a cross-border settlement system within BRICS. This is a rather tenuous issue, as not everyone is ready to participate. Many are satisfied with settlements ...

India has "absolutely no interest" in undermining the US dollar, and its fellow members of the Brics grouping of emerging economies have not formed a unified position on a proposed alternative payment ...

President Donald Trump is putting BRICS nations on notice, threatening them with a full-blown trade war if they attempt to sideline the U.S. dollar in global commerce. In a fiery Truth Social post on ...

If BRICS wants “to play games with the dollar, they’re going to be hit with a 100% tariff,” Trump said in February. U.S. President Donald Trump on Thursday once again threatened countries with steep ...

Brazil’s BRICS presidency this year will not push for a shared currency but will focus on easing international payments and reducing reliance on the U.S. dollar in global trade, according to four ...

BRASILIA (Reuters) -Brazil's central bank does not see any realistic prospect of emerging nations in the BRICS group creating markets large enough to topple the U.S. dollar's dominance within the next ...

In recent years, the BRICS block—which comprises Brazil, India, Russia, China, Southern Africa, Egypt, Ethiopia, the United Arab Emirates, Indonesia, and Iran—has positioned itself as a counterweight ...

BRASILIA (Reuters) - Brazil's BRICS presidency this year will not advance a common currency for the group of major developing economies this year, four government officials said, but its agenda may ...

U.S. President Donald Trump on Thursday once again threatened countries with steep tariffs if they think about playing “games with the dollar,” the world’s reserve currency. Responding to a reporter’s ...