"Gold Settlement" will take place via big commercial banks, much like today, or perhaps via some unified clearinghouse system ...

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 ...

Explore how BRICS is challenging SWIFT to enhance financial sovereignty and reduce reliance on the dollar-dominated system.

BRICS nations’ push to trade in local currencies reflects frustration with dollar dominance and signals a shift in the global ...

The BRICS leaders, from left: Luiz Inacio Lula da Silva, Xi Jinping, Cyril Ramaphosa, Narendra Modi and Sergey Lavrov. [BRICS/Handout/AA/picture alliance] The leaders ...

Russia, during the upcoming Brics summit at Kazan, is expected to push for a new international payment platform that it hopes would rival the current system of fiat money — and gold could be a crucial ...

The BRICS-linked CIPS payment system has expanded across 185 countries, allowing international payments in Chinese yuan without using the U.S. dollar.

President-elect Donald Trump said he would require countries that are part of BRICS — a China- and Russia-backed group of emerging economies — to commit to not creating new currency or face 100% ...

100% tariffs loom over Brazil, Russia, India, China, and South Africa for currency shift. Trump targets BRICS nations with tariff threats to protect dollar supremacy. See the trading strategy with a ...

Russia is essentially sidestepping the US dollar for nearly all of its international trade, according to one of the BRICS ...