No One Knows What BRICS Expansion Means
The 11 members of the expanded group have so little in common that it’s tough to decode what their purpose will be.
Source: thediplomat.com
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Creation of Multipolar World Inevitable, Necessary
The creation of a multipolar world, more honest and fair for the majority of people, is inevitable and historically necessary, Russian President Vladimir Putin stated, addressing the Third International Olympiad on Financial Security in the federal territory Sirius near Sochi on Wednesday, October 4.
Source: sputnikglobe.com
Can BRICS de-dollarise the global financial system?
What has driven the BRICS nations to push for their own currency and embark on this journey to depose the dollar from its pedestal? What are the chances that BRICS will be able to de-dollarise the global financial system?
Source: thedailystar.net
De-Dollarization: Yuan Now Accounts for 25% of Russian Trade, Report Says
Moscow has been stoking the de-dollarization movement by refusing to settle contracts using so-called "toxic currencies".
Source: businessinsider.com
De-Dollarization: Former Zimbabwe Minister Warns of Economic Disaster
A former Zimbabwe finance minister warned of economic "disaster" if the current administration decides to ditch the dollar.
Source: businessinsider.com