Global #de-dollarization

Indonesia has officially become the newest full member of the BRICS group, marking a significant milestone in the alliance’s expansion.

The 16th annual BRICS Summit in Kazan, Russia, has seen a renewed focus on de-dollarization. Leaders from Russia, China, and Iran have stressed the need for new digital platforms to reduce reliance on the US dollar in international transactions.

Pakistan is making its intentions clear: it aims to join BRICS, the international bloc established to counter Western-dominated institutions. This move has raised concerns in India, as Pakistan's entry could further enhance China's influence within the group, potentially at India's expense.

In a groundbreaking move that underscores the shifting tides of global finance, India and the United Arab Emirates (UAE) have completed a crude oil transaction that bypassed the US dollar entirely, opting instead to utilize XRP, a leading digital asset.