BRICS
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BRICS Signs 70+ Pacts to Boost Local Currency Trade, De-Dollarization
Over 70 cooperation agreements were signed at the International Municipal BRICS Forum in St Petersburg.BRICS nations are advancing de-dollarization and promoting trade using local...
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India, South Africa Lead BRICS Gold Reserves Growth Oct 2025
India's Gold reserves reached approximately $102.4 billion by early October 2025, mainly due to price increases rather than new purchases.
South Africa increased its combined...
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BRICS Weighs Article 6 vs Independent Path for Carbon Markets
BRICS countries are debating between using Article 6 of the Paris Agreement or creating an independent carbon market partnership based on mutual recognition.By COP30,...
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BRICS Called “Multipolarism of Fools” Over Fossil Fuel Hypocrisy
The BRICS alliance discusses environmental issues but most member countries rely heavily on fossil fuel sales.Nine out of 10 BRICS members sell fossil fuels;...
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BRICS Pay Launches to Boost Trade in Local Currencies, Curb Dollar Use
BRICS Pay is a digital payment system under development by Brazil, Russia, India, China, and South Africa to enable trade in local currencies.The platform...
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BRICS Pushes De-Dollarization but Faces Major Market Hurdles
A 10-member BRICS coalition is pursuing de-dollarization to reduce reliance on the U.S. dollar in global trade and finance.BRICS actions include settling trade in...
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BRICS Central Banks Buy 20 Tons Gold Worth $2.54B in Sept 2025
The central banks of Brazil, Russia, and China bought nearly 20 tons of Gold in September 2025, valued at approximately $2.5 billion.Gold prices rose...
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Diplomat Says BRICS Currency Does Not Appeal to All Parties
Diplomats at the BRICS+ policy conference in New Delhi agreed that a common BRICS currency is not beneficial for member countries.
Montek Singh...
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