Auto Added by WPeMatico

BRICS Accelerates Currency Shift With New Trade Tools and Payment Systems

BRICS nations are turbocharging their break from Western-dominated finance, advancing local currency trade, cross-border payment systems, and groundbreaking investment platforms to empower the Global South. BRICS Ministers Push Local Currencies,…

Continue ReadingBRICS Accelerates Currency Shift With New Trade Tools and Payment Systems

Checkmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets

Several international analysts examined how the introduction of a BRICS international payment system might affect the current use of the U.S. dollar in trade. Experts cited sanctions evasion, cost reduction,…

Continue ReadingCheckmate: How Adopting a BRICS Payment System Might Erode the Dollar’s Dominance in Trade Markets