Indonesia joins BRICS as a key player in global economics
Indonesia became the 10th full member of the BRICS international group of developing countries on Monday. The announcement was made by Brazil, one of the bloc’s founding members and its…
Tags: BRICS
BRICS Payment System to Be Adopted by 159 Countries Worldwide
As part of the alliance’s ongoing efforts to build an alternative to SWIFT, the economic alliance has been seeking to create its own BRICS payment system. It would play a…
BRICS Announces Launch of New Independent Payment System
In a landmark development, the BRICS economic alliance formally announced that it will introduce an independent payment system. In fact, Russian President Vladimir Putin confirmed his commitment to the project…
BRICS Currency Debut: A New Era in International Finance?
The BRICS alliance has been working on developing its own currency for the past year. The end result of this effort is now imminent and could represent a turning point…
BRICS: An More Country officially Leaves the US Dollar
Developing countries are cutting their ties to the US dollar and searching for other sources of funding as a result of the US’s harsh sanctions. By bridging the gap, BRICS…
What De-Dollarization? How is the US Dollar impacting BRICS currencies amidst de-dollarization efforts?
The BRICS alliance has launched a de-dollarization plan to remove the US dollar from global reserve status and replace it with local currencies. China and Russia toured the world, convincing…
BRICS Will Announce New Member Countries in 2024
The BRICS alliance is expected to announce new members at a summit in 2024. The next 16th summit is scheduled to be held in Russia’s Kazan region in October this…
UAE Ranks Top 3 in Global Business Among BRICS Nations in 2024
The fact that the United Arab Emirates (UAE) will be among the top three countries with the highest global business activity in 2024 is certainly a notable development for the…
BRICS Membership Update: Top 3 Countries Show Want to Join BRICS
The number of countries expressing interest in joining the BRICS alliance is expected to increase sharply in 2024. This year alone, three new countries formally submitted applications to join the…