BRICS Financial News

23.06 / 09:23

Adoption economy economics financial literacy BRICS BRICS: History, objectives and an overview of the global alliance

BRICS is an acronym that represents an alliance of five major emerging economies: Brazil, Russia, India, China and South Africa. Jim O’Neill, an economist at Goldman Sachs, coined the phrase in 2001 to emphasize the combined potential of these countries in the global economy.

29.09 / 07:03

UPS FIVE Digital Experts BRICS Russian Business Leaders Talk Up Prospects of a BRICS Digital Fiat

Russian business leaders want to use “digital assets” and a “single digital currency” to trade with BRICS members and other “friendly” nations.

21.08 / 06:15

UPS Provident FIVE Digital BRICS country BRICS Digital Currency ‘Could Launch in 5-10 Years,’ Experts Claim

Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.

06.06 / 20:09

BRICS The Rise of Cryptocurrencies in Arab Countries: Understanding Saudi Arabia's Latest Move

With cryptocurrencies increasingly gaining a foothold across the Arab world, some industry analysts are examining how Saudi Arabia’s plan to join China’s New Development Bank, also known as the BRICS bank, could impact on diversifying the kingdom’s financial environment.

19.04 / 21:09

business Adoption regulation Bank of Russia BRICS settlement Cross-border Bank of Russia to set up entities for crypto mining and cross-border settlement: Report

Russia is taking further steps to mitigate global sanctions in place since the invasion of Ukraine in 2022. According to local media reports, the country's central bank plans to create new institutions to mine crypto assets and settle international payments.

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