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India: BRICS Pay system targets sovereignty, not de-dollarization – chairman

India has officially clarified that the BRICS Pay system is designed to enhance financial sovereignty, not to de-dollarize the global economy. Pawan Joshi, the...

India to Pitch CBDC for Cross-Border Trade at BRICS Summit

India will propose a central bank digital currency (CBDC) for cross-border payments at the BRICS summit on September 12-13. The Reserve Bank of India...

BRICS Gold Reserves Hit 6,000+ Tonnes; UBS Sees $5,200/oz by 2027

A broad shift among central banks toward gold reserves is accelerating, with BRICS nations now holding over 6,000 tonnes, representing 17.4% of global central...

BRICS unity fractures as 2026 summit faces tariff threats, internal splits

The BRICS Summit 2026, scheduled for September 12-13 in New Delhi, faces mounting internal and external pressures. A failed foreign ministers' meeting in May...

Iraq, Bangladesh seek BRICS membership ahead of New Delhi summit

Iraq has officially expressed interest in joining the BRICS bloc in 2026, seeking membership alongside Bangladesh ahead of the upcoming 18th BRICS summit in...

BRICS Denies Plan for Single Currency, Focuses on Local Forex Usage Instead

Russia has clarified that the BRICS economic alliance is not working towards creating a unified international currency. Russian spokesman Dmitry Peskov called the idea...

BRICS Membership Surge Continues in 2026 as Nations Seek Alternative to West, Says Lavrov

Russian Foreign Minister Sergey Lavrov confirms a growing number of countries are applying for BRICS membership in 2026. Lavrov stated the alliance’s challenge to...

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