BRICS is gaining influence not by launching a common currency or confronting the US dollar directly, but by building alternative financial and technological systems that offer developing countries greater choice, cooperation, and economic autonomy. BRICS Is Moving Beyond the Currency Debate For almost two years, the Trump administration has been threatening 100 percent tariffs in […]

Inertia in international finance is a powerful force in its own right. But loyalty programs built on one member’s permanent goodwill tend to look sturdiest in the years just before their members start reading the fine print. Somewhere in a central bank “vault,” a finance minister sat down to do something no ordinary citizen would […]