BRICS receives membership requests from 19 countries before annual summit
The foreign ministers of BRICS nations will reportedly attend the discussions on a range of issues including the expansion of the bloc in June.
Source: firstpost.com
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Indonesia moves to push de-dollarisation | World | Vietnam+ (VietnamPlus)
Indonesia is following the lead of BRICS (an acronym for five leading economies: Brazil, Russia, India, China, and South Africa) in de-dollarisation and seeking ways to stop paying for global trade in the US dollar.
Source: en.vietnamplus.vn
De-dollarization: US currency fast losing dominance as global reserve currency as rupee, yuan rise
Dollar saw 8% decline in 2022 in one year, 'equivalent to 10 times the average annual pace of erosion in the USD’s market share in the prior years'
Source: firstpost.com
Dollar weaponisation is creating a more fractured world
Using the dollar to punish countries or keep them in line is causing geopolitical rifts and fears on top of a blooming of payment and settlement alternatives. Yet what the world needs to rise to its many challenges is more engagement, dialogue and collaboration.
Source: scmp.com
Bangladesh-Russia nuclear power plant deal in China's yuan opens doors for Beijing, but is 'still early days'
Bangladesh and Russia agreed to use the yuan to settle payment for a nuclear plant amid Beijing’s efforts to increase the use of the Chinese currency overseas and decrease reliance on the US dollar.
Source: scmp.com