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BRICS plans ‘multi-currency system’ to challenge U.S. dollar dominance: Understanding Russia’s proposal
The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the U.S. dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.
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The G77+China Havana Summit is a bold step toward building a multilateral world
The G77+China Summit has given the Cuban President a perfect opportunity to strengthen ties with like-minded developing countries and to raise the voice of the Global South against America’s “aggressive imperialist policy.”
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Cuba assumes the head of the G-77 at a critical time
On January 12, Cuba took the presidency of the G77+China for the first time in history after being elected in September 2022 during the 77th Session of the United Nations General Assembly (UNGA).
