De-Dollarization Won't Happen Anytime Soon, Indian Minister Says
The buck is likely to remain the dominant currency in international trade, India's oil and gas minister Hardeep Singh Puri told CNBC.
Source: businessinsider.com
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BRICS and the challenge of solidarity
BRICS now holds the potential to be THE significant challenge to the West current world order, particularly with its new expansion. Yet this expansion will not be without difficulty.
Source: almayadeen.net
Ruble Crashed Due to Russia's Rupee Stockpile That's Stranded in India
"We have nothing to buy in India, but we cannot return these rupees, because the rupee is an inconvertible currency."
Source: businessinsider.com
BRICS expansion will breed fear of losing hegemony for West: UnHerd
The New Development Bank's announcement of adding 15 new members to its board proves an even bigger threat to the US and the West since lending would be in local currencies.
Source: almayadeen.net
Pepe Escobar: BRICS 11 - Strategic Tour de Force
Chinese President Xi Jinping defined all the major decisions embedded in the 15th BRICS summit in South Africa as “historic”. That may be seen as an understatement.
Source: sputnikglobe.com