Banking News

China has taken a decisive step in reshaping global finance as its digital yuan, or e-yuan, entered a new phase on January 1, 2026. The

An international analyst has stated that BRICS is increasingly winning the battle against the US dollar, as the bloc steadily expands its financial influence and

BRICS+ countries are preparing to unveil a new public electronic database designed to track anti-corruption activities and enhance transparency in cross-border financial flows, according to

The BRICS alliance has advanced its long-running effort to reduce global dependence on the US dollar, with Russia issuing $2.8 billion in sovereign bonds denominated

Serbia is taking concrete steps toward potential membership in the BRICS New Development Bank (NDB), a move that could significantly shift its financial partnerships and

The BRICS alliance continues its rapid shift away from the US dollar, with China and Russia now conducting 99.1% of all cross-border transactions in local

In a synchronized policy move, several Gulf Cooperation Council (GCC) central banks have followed the U.S. Federal Reserve’s recent rate cut, underscoring their deep monetary

Ethiopia has entered negotiations with China to convert part of its $5.38 billion debt into yuan-denominated loans, a strategic move aimed at easing foreign-exchange pressures

South America may soon join a financial revolution that challenges the U.S. dollar’s global dominance. Under Brazil’s growing leadership within BRICS, Latin American nations are

September brought significant developments for the BRICS alliance, with the group making bold statements on U.S. trade policy while advancing its digital currency agenda. At

Iran is positioning itself as a driving force within the BRICS bloc, pushing for transformative initiatives that challenge Western-dominated global systems. Under President Masoud Pezeshkian’s

In a bold move to reshape the global climate finance landscape, BRICS leaders have called for expanded use of local currencies and unveiled plans for

Bitcoin has smashed through the $120,000 mark for the first time in its history, trading at approximately $122,700 on Monday morning, according to CoinDesk. The

At a pivotal moment for global development finance, the New Development Bank (NDB), led by its president Dilma Rousseff, has reaffirmed its commitment to promoting

Colombia and Uzbekistan have officially joined the New Development Bank (NDB), marking a significant step in the expansion of the multilateral lender founded by BRICS

The New Development Bank (NDB), the financial arm of the BRICS alliance, is actively reviewing the membership applications of Ethiopia and Indonesia—a move that could

The Russian ruble climbed to its strongest level against the US dollar in two years on Thursday, driven by soaring oil prices and renewed optimism

India has firmly distanced itself from growing dedollarization efforts led by key BRICS partners, dealing a blow to ambitions of reshaping the global financial order.

Brazil is exploring a groundbreaking shift in its financial policy by considering the issuance of its first yuan-denominated sovereign bonds, a move that could significantly

Indonesian President Prabowo Subianto has announced that Indonesia will become a member of the New Development Bank (NDB), a multilateral financial institution founded by the

Brazil has set its sights on cryptocurrency and blockchain technology as a key focus for its presidency of the BRICS bloc in 2025. The South

India is reportedly set to oppose Pakistan’s attempt to acquire a stake in the Shanghai-based New Development Bank (NDB), with plans to raise the issue

Given the fact that the majority of the financial reserves of the BRICS community members are kept in the US Dollar, the bloc is not

Despite the People’s Bank of China (PBoC) attempts to maintain steady daily fixing rate of China’s currency ahead of Donald Trump’s inauguration, the fears of

Despite US President Donald Trump’s ongoing threats with drastic tariffs in order to prevent dethroning of the US dollar, it seems that BRICS member countries

In a bid to circumvent Western sanctions while reducing reliance on the US dollar, BRICS members repeatedly called to develop an alternative international payment system

The former chancellor of the Exchequer, Lord Lamont of Lerwick, warned yesterday that if it ever came to pass, a new BRICS banking system would

The subject of a potential BRICS currency, which is hogging the headlines ever since the US President-elect Donald Trump threatened on Saturday to impose 100%