Tag Archives: BRICS Countries

  “We are going to require a commitment from these seemingly hostile Countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty US Dollar or, they will face 100 per cent Tariffs, and should expect to say goodbye to selling into the wonderful US Economy. They can go find another sucker ...

  ‘The idea that the BRICS Countries are trying to move away from the Dollar, while we stand by and watch, is OVER. We are going to require a commitment from these seemingly hostile countries that they will neither create a new BRICS Currency, nor back any other Currency to replace the mighty U.S. Dollar or, they will face 100% ...

  Vows a 100% tariff on goods from such countries PEGASUS REPORTERS, LAGOS | DECEMBER 7, 2024 The next president of the United States, Donald Trump, does not want any threats to the dollar. According to the BBC, he demanded, on his social media network, Truth Social, that the member countries of the BRICS commit to not creating or supporting ...

  “The 2024 Summit has provided a crucial platform for discussing de-dollarization strategies. Member nations unveil plans for currency swaps, trade in local currencies, and develop payment systems called “BRICS Pay” and designed “BRICS currency which has the names of all the member nations on it to obviate the need for dollar transactions” PEGASUS REPORTERS, LAGOS | OCTOBER 28, 2024 ...

  “BRICS is the new kid in the block and an indication of the emergence of the horizon of Multipolarism. The rise of BRICS (Brazil, Russia, India, China, South Africa) can be seen as an indication of multipolarism in world affairs. BRICS countries are emerging as major economic and political powers, challenging the traditional dominance of Western countries.” PEGASUS REPORTERS, ...

  “The BRICS alliance is convincing other developing countries in Asia, Africa, and South America to challenge the G7 bloc. BRICS is also persuading other countries to ditch the US dollar for global trade and use local currencies instead.” PEGASUS REPORTERS, LAGOS | OCTOBER 19, 2023 According to data from the UK-based research firm Acorn Macro Consulting, the BRICS alliance ...

  “O’Neill said that the BRICS nations of Brazil, Russia, India, China, and South Africa, “never achieved anything since they first started meeting.” However, calls for a gold-backed ‘trading currency’ from Brazilian President Luiz Lula da Silva and others within the bloc have revived the idea of a BRICS currency” PEGASUS REPORTERS, LAGOS | AUGUST 21, 2023 One of the ...

  “BRICS is successful in convincing other countries to settle cross-border transactions in local currencies sidelining the U.S. dollar. Pakistan, Iran, Iraq, and ASEAN countries are ditching the U.S. dollar and looking to promote local currencies for trade” PEGASUS REPORTERS, LAGOS | AUGUST 13, 2023 In the latest update, a total of 45 countries are preparing to join the BRICS ...

  “The list of members that reportedly want to join BRICS includes Saudi Arabia, Iran, Egypt, Bahrain, Algeria, Argentina and Indonesia, as well as three additional undisclosed nations in Africa” PEGASUS REPORTERS, LAGOS | MAY 8, 2023 The US dollar is facing a greater threat as the major world currency as two of the largest members of BRICS are reportedly ...