Leaders of the BRICS bloc have concluded their latest summit with a landmark joint statement known as the New Delhi Declaration, outlining a shared agenda on...
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October 31, 2026
Tag: dollar dominance
BRICS Finance Chiefs Back Local-Currency Trade and Faster Payments, Warn on Tariff Risks
Finance ministers and central bank governors from the BRICS group have called for deeper use of local currencies in cross-border trade and improved payment systems among...
Why the Dollar’s Reserve Currency Status Rests on Swap Lines, Not Gold
When global financial stress peaks, central banks around the world reach for U.S. dollars — and the Federal Reserve’s network of currency swap lines, not gold...