Chinese President Xi Jinping has given a big challenge to the US dollar in the international economy. He has said that China should make its currency Yuan so strong that the countries of the world can use and deposit it as an international reserve currency. At present the share of dollar in global foreign exchange…
The Reserve Bank of India (RBI), India’s central bank, has proposed to link the official digital currencies of BRICS countries (Brazil, Russia, India, China, South Africa and other members). With this step, payments related to cross-border trade and tourism between these countries will become easier, faster and cheaper. Besides, it can also help in reducing…
External Affairs Minister (EAM) S Jaishankar launched the official website and logo for BRICS 2026 on Tuesday, with the event being scheduled to take place this year. India is chairing the multilateral forum in 2026, which was formed 20 years ago. Brazil, Russia, India, China, and South Africa are the five major countries leading the…
Author and investor Robert Kiyosaki has once again doubled down on his long-awaited stance on the bleak futures of the US dollar, arguing that the growing shift by BRICS nations towards non-dollar trade could force the greenback to the status of a failed reserve currency. Back in the first week of December, the Rich Dad…
In the era of US President Donald Trump’s tough decisions and increasing pressures on global trade, the chairmanship of BRICS has now been handed over to India. This responsibility received by India from Brazil is not only a formal change, but is also being considered as a strong political and strategic signal in the current…
