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How cohesive are the bricks of BRICS to shake the US-led global order?

Aside from a distaste for US clout in global finance, economics and geopolitics – the BRICS countries, arguably, have very little in common. So it begs the question, how much can it achieve as a coalition? ....

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BRICS raging against the dollar is an exercise in futility

Some BRICS countries are resource-rich, most resource-poor. None, either alone or combined, can magic up an alternative currency. ....

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ANALYSIS | Any effort by BRICS to dethrone the dollar will end in failure

If the Organization of the Petroleum Exporting Countries cannot come up with a petro-currency, what chance does a random bunch of geographically disparate nations have, asks Bloomberg's Marcus Ashworth ....

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BRICS raging against the US dollar is an exercise in futility

The BRICS countries are attempting to challenge the US dollar s dominant position as the world s reserve currency, but their efforts are likely to fail due to economic factors and too many contradictions between the group s members. The dollar is currently used in 42% of currency transactions, while the euro accounts for 32%. There are also concerns that moves towards de-dollarisation could lead to overreach by western countries, such as the freezing of foreign exchange and gold reserves, following Russia s invasion of Ukraine. ....

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Brics raging against the US dollar is an exercise in futility

Brics countries are trying to attract hangers-on by whipping up talk of a rival to dethrone King Dollar. It's not going to happen. ....

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