From BRICS nations' ambitious payment systems to President Donald Trump's aggressive tariff threats, the international monetary landscape appears to be shifting. Yet beneath the surface of these headline-grabbing developments lies a more complex reality: despite concerted efforts by major emerging economies,

Russian President Vladimir Putin has called for increasing trade in national currencies among BRICS nations, proposing an independent settlement system to reduce dependence on the dollar.

India is trying to shield itself from President Donald Trump’s backlash against BRICS by stressing it has no plans to challenge the US dollar’s global dominance, according to people familiar with the matter.

New Delhi's core demand: build alternatives that are interoperable and don't just replace the US dollar with another hegemon

In an interview with TV Globo, Lula explained that, for now, he does not intend to call Trump but will defend the Brazilian productive sector by opening new markets. The president noted that the American’s tone is disrespectful and that he will not accept such behavior.

At the upcoming BRICS summit in Brazil, member nations are expected to intensify their push for local currency settlement and advance efforts to build an independent financial system that reduces reliance on the U.

At the recently concluded Brics summit held in Brazil, leaders of member countries reaffirmed their commitment to the Brics cross-border payments initiative. First proposed in 2015, this system aims to make transactions between nations more accessible,

U.S. President Donald Trump said on Tuesday the U.S. would "pretty soon" charge a 10% tariff on imports from BRICS countries, drawing another complaint from Brazil President Luiz Inacio Lula da Silva,

The answer is no, but the reason has little to do with the tariffs.

BRICS leaders, including Russian President Vladimir Putin and Chinese leader Xi Jinping, have publicly voiced their commitment to jointly introduce an alternative payment system that would not be ...