BRICS nations are shifting away from reliance on the US dollar to gold, now holding approximately 50% of global gold ...

Gold’s enduring role as a store of value and hedge against currency risk makes it a natural choice for countries seeking ...

The ambassador noted that the issue of expanding membership was not discussed during Brazil’s presidency of the bloc, as the ...

BRICS transitions from Brazil to India, emphasizing sustainability and cooperation amid global challenges and ambitious ...

By rotational procedures and consensus adopted in Brazil in December, India has taken over the BRICS+ presidency for 2026, underscoring ...

The international financial architecture is shifting from the dollar to a multicurrency model that is, mostly, backed by gold ...

Backed by gold and a basket of member currencies, the UNIT is designed to reduce reliance on the US dollar, but major hurdles remain.

Russia and China lead the way in gold purchases. In 2024, China produced 380 tons of gold, while Russia produced 340 tons. In ...

BRICS offers Global South countries a platform to claim their due share of participation in global affairs, said the professor. For those countries, he added, participation in BRICS also provides a ...

We have now entered, I believe, the second stage of expansion. I will not speculate here about when, who, and in what ...

The central bank of Russia is gearing up to enable both qualified and retail investors to purchase crypto assets.

After expanding from five to 10 member countries, BRICS has entered the "Greater BRICS" cooperation track. Recent reports in dicate that Cuba and Syria have applied to join the BRICS cooperation ...