Articles by BRICS Portal
We found 3 results.
BRICS: Important Announcement about the New Currency of the Union
BRICS Portal - TRANSCEND Media Service,
3 Jun 2024
23 May 2024 – BRICS is actively seeking to establish a new currency on the world stage to challenge the dominance of the US dollar. This initiative comes amid concerns about the impact of US sanctions on countries such as Russia and other emerging economies.
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And Now, BRICS Eyes Creation of a Central Bank for Currency Issue
BRICS Portal - TRANSCEND Media Service,
27 May 2024
24 May 2024 – China, with backing from Russia and South Africa, is introducing a new currency to be issued by a proposed BRICS Central Bank that would combine the strengths of the respective currencies of the five BRICS countries in the economic forum.
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Challenging Dollar’s Dominance
BRICS Portal - TRANSCEND Media Service,
13 May 2024
6 May 2024 – Strengthening ties and cooperation with regional countries, promoting platforms like BRICS and focusing on trade in local currencies may challenge the dominance of the US dollar in the coming years on account of a changing world order.
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