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

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

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 ...

The BRICS-linked CIPS payment system has expanded across 185 countries, allowing international payments in Chinese yuan ...

MOSCOW (Reuters) -The Kremlin on Friday brushed off a repeat threat by U.S. President Donald Trump to impose tariffs on the BRICS grouping of countries if it created its own currency, saying there was ...

Earlier this month, Brazil, as BRICS chairman in 2025, announced that Indonesia had officially joined the bloc, becoming the first Southeast Asian nation to do so. This development resolves ...

The US decision to hike import tariff to use it as a weapon has revived activities within BRICS to meet the deadline of the ...