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The share of the BRICS GDP in purchasing power parity (PPP) has grown from 37% to 40%. The G7 countries’ share of global GDP in PPP currently stands at 29%. Therefore, the BRICS alliance is ahead by 11% in PPP than its Western counterparts. The bloc is growing in economic independence, threatening the dominance of the US and the West. “The BRICS countries’ share in global GDP 40% in terms of purchasing power parity (PPP), exceeded that of the G7 29% even before the expansion of the association,” said Russian Foreign Minister Sergey Lavrov. His statement drew attention in a changing economic landscape where developing countries are gaining an upper hand. Also Read: BRICS mBridge Project: What Is It & How It Could Shift Dollar Dominance Plans To Further Increase the BRICS GDP in PPP Underway Source: Getty Images Lavrov explained that specific proposals were put forward during the summit in Kazan that could increase BRICS GDP in PPP. The proposals include the forma...

BRICS XRP Ledger has actually emerged as a key technology mentioned in official BRICS documentation for cross-border trade solutions. The report explicitly references the XRP Ledger’s escrow model as a potential automated payment system, marking the first formal acknowledgment by a major economic bloc representing around 40% of global population. Also Read: XRP $50.000 Forecast Revives Buzz From Forbes’ Hidden $59,472 Article Exploring BRICS XRP Ledger, How It Works and Its Role in BRICS Pay Source: AFP Official BRICS Documentation Discovery Crypto enthusiast Kenny Nguyen shared slides revealing that crypto researcher SMQKE discovered explicit references to BRICS XRP Ledger in official documentation. The report was found to examine blockchain applications for trade finance and positions virtual escrow accounts to ensure funds are available once contractual conditions have been met. Source: Kenny Nguyen on X The mention directly links to BRICS Pay development, which is being descri...

The BRICS alliance has invested over 8.54 billion ringgit, equivalent to $2.02 billion, in Malaysia in the first quarter of 2025, according to the latest figures provided by the country’s Ministry of Investment and Trade. The investments are diversified into various sectors to promote Malaysia’s manufacturing sector, green technologies, digital economy, and infrastructure. Investments in the services sector amounted to 270 million ringgit, which is about $63.8 million. Also, 96% of the investments have directly gone to the manufacturing sector. Also Read: Sri Lanka, Kenya, Panama Snub US Dollar, Take BRICS Loan in Yuan Malaysia is receiving an influx of investments from BRICS as it is a partner country of the alliance. These projects and investments are estimated to create more than 6,000 jobs in the workforce. “The approved investments between January and March 2025 are expected to create 3,990 job opportunities in the manufacturing sector and 2,837 in the services se...

A total of three European countries are actively aspiring to join the BRICS alliance in 2025. The bloc is looking lucrative to countries from Europe, Asia, Latin America, and Africa as they are the only ones challenging the US dollar’s supremacy. No other alliance is openly taking on the White House policies than the 10-member group. Also Read: Historic BRICS Loan Worth $2 Billion in Yuan Disbursed to Australia List of European Counties Interested to Join BRICS Alliance in 2025 The three European countries that wants to join the BRICS bloc are Belarus, Serbia, and Turkey. In addition, France wanted to attend the BRICS 2023 summit in South Africa’s Johannesburg, but its interest was declined by China and Russia. Turkey Source: NewsWeek Turkey had applied for BRICS membership in September 2024 despite being a member of the NATO, but the country is not part of the European Union (EU). Foreign Minister Hakan Fidan referring to BRICS said, “we are interested but we have not been...

The BRICS alliance is likely to expand next, as 34 countries have expressed their interest in joining the bloc. While 23 countries have officially submitted their applications, 11 nations have informally expressed interest in being a part of the alliance. The alliance, which started in 2009, consisted of Brazil, Russia, India, China, and South Africa. It later expanded in 2024, when five new countries were officially inducted into the group. The five new countries that joined BRICS are Egypt, Ethiopia, Iran, the UAE, and Indonesia. It is now a 10-member bloc with an additional 13 ‘partner countries’ being a part of the grouping. Also Read: BRICS Rejects USD: 50% of Transactions in Chinese Yuan List of 10 Countries That Could Join BRICS Alliance Next Source: AFP BRICS is likely to induct 10 new countries next and is weighing the pros and cons that they bring to the table. From oil-producing nations to mineral-rich countries and countries with growing GDPs, everything is being...

Real de-dollarization initiatives have accelerated across various major financial sectors, and economist Brunello Rosa warns that this global currency shift represents a fundamental threat to USD dominance right now. The crypto market risks and economic uncertainty created by this movement signal that real de-dollarization efforts are spearheading serious momentum at the time of writing. Also Read: Gold Could Hit $4,000 as US Dollar Weakens, Experts Warn Crypto Risks Mount as USD Declines and Global Shifts Accelerate Source: Watcher.Guru Rosa’s Warning Signals Real De-Dollarization Momentum Through several key analytical frameworks, economist Brunello Rosa was finalizing his book “Smart Money” when he noted that critical events might unfold before publication, and his predictions about real de-dollarization have revolutionized accurate forecasting right now. The book envisions a new cold war where “digital de-dollarization” plays a central role as China cha...

The phenomenon of de-dollarization is once again actively gaining momentum. The US dollar is declining rapidly, hammered heavily due to the recent US tariff ordeal that has ended up wounding the American currency. In the middle of this, calls to diversify away from the US dollar have also been heard, with nations and investors both looking forward to exploring capable USD alternatives. In the meantime, a group of ten Commonwealth of Independent States has decided to ditch the US dollar, moving away from the currency to uplift their economies and liberate them from the shackles of American hegemony. Also Read: Tanzania’s US Dollar Ban Set the Stage for Kenya & Other EAC Nations Why Is The World Moving Towards De-Dollarization? Source: Watcher Guru De-dollarization is not new. The phenomenon has long existed within the layers of the global economic structure and has now started to gain traction as US dollar hegemony continues to hurt nations. The US dollar is the world’s leading ass...

Brazil, which chairs the upcoming BRICS summit in 2025 confirmed that they plan on the formation of new payment systems. Under the leadership of Brazilian President Luiz Lula da Silva, the alliance will discuss alternative payment options to the US dollar. The BRICS Sherpas meeting will take the ideas forward and the upcoming 17th summit could see massive changes in the way the bloc operates and settles cross-border transactions. Also Read: When Is the BRICS Summit in 2025? Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. The move could lead to a paradigm shift in global trade and tilt the financial powers from the West to the East. Developing countries are looking to cut ties with the US dollar and strengthen their local currencies in the forex markets. The US dollar is in the crosshairs of a major shift that could pave the way for native currencies to take the driver’s seat of the financial markets. Also Read: BRICS: Goldman Sa...

Russia is slowly bowing out of the BRICS agenda of cutting ties with the US and the dollar for trade and transactions. In a historic deal, Russian President Vladimir Putin has proposed to supply 2 million tons of aluminum to the US markets. The move could stabilize prices in the commodity metals sector and smoothen out price fluctuations and market volatility. Also Read: De-Dollarization: Economist Predicts the Future of the US Dollar https://twitter.com/bricsinfo/status/1894133063401013756?s=46 In addition, BRICS member Russia also outlined potential deals with the US in supplying rare earth resources. Russia has the world’s fifth-largest rare earth metals reserves that the US could use for industry and military production and benefit immensely. The prospective economic deal covers aluminum and rare earth materials from BRICS member Russia to the US. President Donald Trump had earlier hinted that “major economic development transactions with Russia” could soon take p...

The current president-elect, Donald Trump, is leaving no stone unturned to bolster the US dollar. Trump is ready to put in efforts, planning strategic tariff cuts and reductions to ensure that countries diligently continue to support the US regency. But in an alternate scenario, Trump’s overprotective streak when it comes to the US dollar may backfire, ultimately leading the dollar to invite trouble. Here’s how it all may unravel. Also Read: Ripple: XRP On Track To Claim $10 – Here’s How Donald Trump and His Grandiose US Dollar Protection Plans Source: iStock The US dollar is currently a trending topic within the Trump leadership. Trump has unveiled massive plans to protect the US dollar, primarily through the deployment of extensive tariffs on nations moving away from the dollar. In one of his earlier interviews, the president-elect unveiled plans to impose tariffs on nations, particularly the BRICS bloc, who have reportedly been planning on ditching the US dollar in the long hau...

BRICS member Russia is aggressively pushing the de-dollarization agenda by making developing countries settle trade in local currencies. Russian President Vladimir Putin is convincing emerging economies to ditch the US dollar and push local currencies for cross-border transactions. The move will strengthen their native economies and give their local currencies a boost in the forex markets. Also Read: BRICS: India Makes Huge Announcement on New Currency Read here to know how many sectors in the US will be affected if BRICS accepts local currencies for trade. Russia is successfully bypassing US sanctions and keeping its economy afloat by making other countries ditch the US dollar. The development is hurting the US more as emerging economies as seriously considering advancing the de-dollarization initiative. Also Read: The US Dollar’s Clout Is Decreasing Globally, Says BRICS BRICS: Russia & Belarus Settle Trade Worth $37 Billion in Local Currencies Source: Reuters In 2024 alone, BRICS...

With the leading cryptocurrency nearing a return to its all-time high, it could factor into the BRICS alliance, with one VanEck executive saying the bloc is likely to increase its Bitcoin adoption in the future. Specifically, the firm notes that the asset could be key in the collective’s growing global trade. The BRICS has just concluded its long-awaited 2024 Summit. There, they highlighted the need to continue its ongoing de-dollarization efforts but also assured it will not be creating new infrastructure to support such an endeavor. That could open the door for cryptos like Bitcoin, to become even more important in the near future. Source: AFP Also Read: BRICS: U.S. Dollar Crisis Could Begin in 2025 BRICS Turn to Bitcoin? Why One Executive Thinks It May Just Be a Matter of Time There were high hopes for Bitcoin entering the year. After being the first crypto to receive ETF approval in the United States in January, the leading asset reached an all-time high price of $73,000 just ...