BRICS

The BRICS bloc has just announced the shocking announcement that it would be backing down on its fights against Dollar.

Saudi Arabia, a major player in the global oil market, has once again increased oil prices for Asian buyers

Russian media RT previously released news that 159 countries would adopt the new BRICS payment system. This was later confirmed to be fake news. The media has issued an apology statement on Weibo.

As nearly 20 countries plan to move away from the USD in 2024, the global financial landscape braces for a seismic shift. The initiative led by BRICS and joined by ASEAN and other regions challenges the long-standing dominance of the dollar. While immediate demise of USD influence is unlikely, the movement towards a more multipolar economic order indicates a growing discontent with USD's supremacy and a quest for a more democratic global economic system.

UAE and China reshape global economics through strategic alignment, local currency trade, and a pivotal move towards multipolarity.

Argentina, faces a pivotal juncture with the rejection of a BRICS alliance invitation, substantial Peso devaluation, and ambitious plans for dollarisation, raising uncertainties about the nation's economic future.

China's Belt and Road Initiative (BRI) explores the potential transformation in global currency dynamics, challenging the longstanding dominance of the USD.

BRICS nations are spearheading a strategic de-dollarisation movement, challenging the long-standing dominance of the US dollar in global trade and signalling a transformative shift in the traditional financial order.

BRICS accelerates de-dollarisation efforts with digital Yuan amid expanding influence.

It has been widely reported that a common BRICS currency will be discussed at a symposium next month.