India and Brazil can trade in their own currencies and do not need to rely on the US dollar for bilateral deals,” Lula added. Speculation about a Brics currency has swirled i ...

The countries that make up the BRICS economic bloc have advanced in implementing their own international payments system.

As Brazil looks to deepen ties with India, Brazilian President Luiz Inácio Lula da Silva signals a future where the two ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. In 2019, I was involved in a crypto project that aimed to provide a usable ...

BRASIL: The fall of the dollar to less than 40% of global reservesThe central banks' rush for gold and the BRICS' tests with alternative payment systems reveal a structural constraint: Maintaining ...

Brazil’s BRICS presidency this year will not push for a shared currency but will focus on easing international payments and reducing reliance on the U.S. dollar in global trade, according to four ...

The global financial system has traditionally been controlled by Western institutions and currencies, notably the US dollar.

Jim O'Neill has grown more open to the idea of a common currency that could serve as an alternative to the dollar.

The U.S. dollar’s dominance as the world’s reserve currency faces its most organized challenge yet from the BRICS nations, but fundamental structural barriers make displacement unlikely in the ...

BRICS and its New Development Bank, the Global South has sought to create alternatives to Western-dominated financial structures. Yet despite this economic shift, the international monetary system ...

Expressions of dissatisfaction with the global dominance of the dollar go back at least to French finance minister Valéry Giscard d’Estaing in 1965. But even today, the euro is no challenger to the ...

He called the conversation around de-dollarisation "misunderstood".