The current escalation of hostilities between Russia and Ukraine has given a boost to the de-dollarisation movement
In a startling mode, the BRICS group of countries - Brazil, Russia, India, China, and South Africa- is developing a new currency to compete with the US dollar. Moscow and Beijing are
The foreign ministers of Brazil, Russia, India, China and South Africa are in Cape Town for the BRICS meet. The talks will see the leaders discuss the inclusion of new countries as well as the prospect of a new common currency. These discussions will set the tone for the 15th BRICS summit in August
A whole array of countries, among them Iran, Venezuela and Saudi Arabia, have already signaled interest in joining BRICS, which currently comprises Brazil, Russia, Iran, China and South Africa.