Spokesperson, Chrispin Phiri says the move would not make sense given the vastly different markets and economic structures of BRICS nations. Paid Content ...
Reserve Bank of India Governor Shaktikanta Das governor said no decision has been taken on the BRICS currency, which recently drew President-elect Donald ...
There has been no decision by the so-called Brics block about creating a common currency to reduce usage of the dollar, India's central bank chief said.
Following threats from Donald Trump of retaliation, South Africa and now India have quickly moved to dismiss the very notion of a new BRICS currency.
RBI Governor Shaktikanta Das states India has no plans for de-dollarisation despite potential tariff wars and forex reserves are robust.
Donald Trump has threatened to slap BRICS members with 100% tariffs on goods imported to the U.S. if they create a new currency and abandon the U.S. dollar.
Donald Trump has warned BRICS countries against developing an alternative currency to replace the US dollar, threatening heavy tariffs.
Jim Rickards, an economist and best-selling author, referred to the effects the announced Trump tariff threat might have on the BRICS bloc.
His remarks came a week after US President-elect Donald Trump had demanded that Brics member countries commit to not creating a new currency.
At Doha Forum 2024: EAM Dr S Jaishankar said, "...We have always said that India has never been for de-dollarisation, right now there is no proposal to have ...
Reports on a new BRICS currency designed to compete against the US dollar are fundamentally false, according to leaders in South Africa.
A week after US President-elect Donald Trump threatened the BRICS countries (Brazil, Russia, India, China, and South Africa) of consequences if they moved ...
As Trump threatens punitive tariffs on BRICS nations, concerns rise over the future of economic relations and the potential impact on global trade dynamics.
The AU should decide to introduce a single African currency to increase intra-continental trade without the need for foreign exchange, as the new currency ...