BRICS currency

BRICS nations are leading the Greenback backlash against the global hegemony of the US dollar. A potential new shared currency between them, they say, could shield other member countries from the impact of sanctions such as the ones imposed…

BRICS nations are leading the Greenback backlash against the global hegemony of the US dollar. A potential new shared currency between them, they say, could shield other member countries from the impact of sanctions such as the ones imposed…

Brazil's President Luiz Inácio Lula da Silva made an impassioned call to his BRICS counterparts Russia, India, China and South Africa to replace the US dollar with their own currencies for trading among the countries. Lula's comments come…

Brazil's President Luiz Inácio Lula da Silva made an impassioned call to his BRICS counterparts, that include Russia, India, China, and South Africa other than Brazil, to replace the US dollar with their own currencies. Lula's comments come…

As a Delhi resident and economic journalist in the 1990s, I got to know first-hand what I call the Dollar Paradox.On the one hand, India was recovering from a severe balance of payments crisis in 1990/91. This eroded foreign exchange levels…