Listeners:
Top listeners:
-
play_arrow
126 Nations to Attend BRICS Summit to Discuss Leaving US Dollar
by Karen Faulkner, Worthy News Correspondent
(Worthy News) – The annual BRICS Municipal Conference in Russia this October is expected to draw representatives from 126 nations with a view to possibly joining the bloc and leaving the US dollar for a new BRICS common currency.
BRICS is an intergovernmental, geopolitical bloc that has coordinated multilateral policies since 2009. Originally comprising Brazil, Russia, India, China and South Africa, the BRICS bloc now includes Argentina, Iran, Saudi Arabia Iran, Egypt, Ethiopia, and the United Arab Emirates as well.
Ahead of October’s annual summit, the Brazil’s President last month called for BRICS nations to create a common currency for trade and investment among themselves in order to reduce their susceptibility to US dollar exchange rate fluctuations, Reuters reported in August.
However, Reuters noted in its report last month, the dollar continues to dominate world trade. “De-dollarising would need countless exporters and importers, as well as borrowers, lenders and currency traders across the world, to independently decide to use other currencies,” Reuters said.
Nevertheless, the growing number of developing countries that are interested in joining BRICS and ending their dependence on the US dollar for trade may ultimately amount to a challenge to the US dollar’s hegemonic status.
Copyright 1999-2026 Worthy News. This article was originally published on Worthy News and was reproduced with permission.
Latest News from Worthy News
In a “significant judgment welcomed by Pakistan’s Christian community and human rights advocates,” a court in Pakistan acquitted a blind Christian man who potentially faced the death penalty for blasphemy against Islam, a Christian advocate told Worthy News.
Israeli and Lebanese delegations are set to meet in Washington on Tuesday for three days of talks focused on the disarmament of Hezbollah in southern Lebanon and the possibility of future normalization between the two neighboring countries.
President Donald Trump said Monday that Iran will face “major weapons inspections” under a developing peace framework with the United States, even as Tehran publicly denied making any new nuclear commitments during high-level talks in Switzerland.
President Donald Trump on Monday signed two executive orders aimed at accelerating America’s lead in quantum computing while preparing federal systems for the next generation of cyber threats.
The U.S. Department of Justice has opened a civil rights inquiry into Major League Baseball after several San Francisco Giants players were reportedly warned for writing Bible verses on their caps during the team’s Pride Night, raising fresh concerns about religious freedom in professional sports.
Iran’s clerical regime has sharply escalated executions of political prisoners, using the gallows to warn a restless population that dissent will not be tolerated, according to reporting by The Wall Street Journal.
Newly declassified COVID-19 documents released by Director of National Intelligence Tulsi Gabbard have revived questions about U.S.-funded coronavirus research in China, Dr. Anthony Fauci’s testimony before Congress, and whether federal officials misled the American people about the origins of the pandemic.
WHO WE ARE
The Psalms, hymns, and spiritual songs encapsulate the beauty, wisdom, and eternal truths found in the Bible, creating an immersive experience that resonates with believers and seekers alike.
CONTACT
- +1 908 280-4246
- Essex County, USA
- info@tnjrfm.com