In this week’s round-up:
- What is the BRICS ‘UNIT – and could it really challenge the US dollar?
- Diplomats from Global South countries discuss development of humanitarian cooperation within BRICS
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BRICS quietly leaving the treasury market
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BRICS shifts gears as Brazil passes the gavel to India amid global tensions and ambitious goals
NWU Master’s student represents South Africa at BRICS Research Institute Debate
Thabo Rakuba, a 27-year-old Master’s student at the North-West University’s Potchefstroom Campus, recently represented South Africa as a delegate at the BRICS Research Institute Debate, hosted by the Durban University of Technology.
What is the BRICS ‘UNIT’ – and could it really challenge the US dollar?
At a major summit in Russia last year, a banknote was unveiled that carried more symbolism than monetary value. The banknote itself, ringed with national flags and multilingual text, was dubbed an R5: acknowledging the ruble, real, rupee, renminbi and rand of core BRICS members.
BRICS shifts gears as Brazil passes the gavel to India amid global tensions and ambitious goals
Brazil’s presidency of BRICS was punctuated by the aftereffects of multiple wars and Trump’s slew of tariffs, among other challenges; yet, it worked towards sustainability and inclusive development, effectively steering the group through the calamity; India’s chapter is set to continue on this path.
Diplomats from Global South countries discuss development of humanitarian cooperation within BRICS
A ceremonial evening marking the conclusion of Brazil’s year of chairmanship in BRICS took place at the Reception House of the M. I. Rudomino All-Russia State Library for Foreign Literature, TV BRICS reported.
BRICS quietly leaving the treasury market
This week’s central bank meetings have not been explosive for FX markets, but have provided some support to sterling and weighed on the yen.
