Search Result for: de-dollarization
De-dollarization: BRICS Unveils Demo Card for New Payment System Ahead of 2024 Summit
BRICS nations have unveiled a demo version of their new BRICS Pay payment system at the BRICS Business Forum in Moscow. Participants received...
BRICS Member, Russia Takes First Step of De-Dollarization, Creates New Digital Platform
The Association of Brazil, Russia, India, China, and South Africa, BRICS has announced its plan to create a new digital payment platform after...
Breaking: BRICS Officially Adds 13 New Partner Countries, Including Nigeria and Turkey
BRICS has officially added 13 new partner countries to its alliance. This announcement was made on Wednesday, October 23, during the ongoing BRICS...
BRICS GDP Growth to Hit 4% by Q4 2024, Exceeding Global Average of 3.2% – Putin
Russia’s President Vladimir Putin said on average, by the end (Q4) of 2024, the BRICS nations’ Gross Domestic Product (GDP) growth rate is...
Anti-French activist Kémi Séba Freed In Paris Without Charges
Kémi Séba, a Beninese activist and a fierce critic of French imperialism, has been released from detention without charges, two days after he...
Algeria Commemorates Massacre of Citizens By French Police
Algeria has commemorated the 63rd anniversary of the killing of some Algerians who were holding demonstrations in Paris, demanding independence from France. While...
Nigeria Has Reforms To Undertake Before Joining BRICS, It Will ‘At the Right Time’ – Foreign Affairs Minister
Yusuf Tuggar, Nigeria’s Foreign Affairs Minister, has revealed that Nigeria has shown interest to become a member of BRICS, an intergovernmental organisation with...
U.S. Treasury Secretary Acknowledges ‘Sanctions’ Contributing to Dollar Decline
U.S. Treasury Secretary Janet Yellen has made known the impact of ‘sanctions’ on the U.S. dollar, especially with the growing de-dollarization movement being...
BRICS: India, Russia To Create New National Payment Systems, Ditch US Dollar
BRICS members India and Russia have created new partnerships using their national payment systems to ditch the US dollar—the partnership would oversee how...
BRICS: ASEAN Countries Set To Boycott U.S. Dollar For Local Currencies
The Association of Southeast Asian Nations (ASEAN), consisting of ten Asian countries, is planning to boycott the U.S. dollar to promote local currencies...
BRICS: China, Russia Announce New Partnership Deal to foster de-dollarisation plan
Following the US sanctions on Russia and China, the BRICS members have announced a new partnership deal aimed at fostering a multipolar world....
BRICS Maintains focus on Currency and Payment System Development
BRICS has provided updates on the development of its currency and payment system as part of its efforts to de-dollarize and its economic...