Brazil nixes Brics currency, eyes less reliance on 'mighty' dollar

Q: How long will it take to read this news story?

The story "Brazil nixes Brics currency, eyes less reliance on &#039;mighty&#039; dollar" has 689 words across 19 sentences, which will take approximately 3 - 6 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Brazil nixes Brics currency, eyes less reliance on &#039;mighty&#039; dollar" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 303 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #26121257</li><li>URL: https://beamstart.com/news/brazil-nixes-brics-currency-eyes-17394598463748</li></ul>

Business Standard Logo Business Standard 5h ago

Brazil nixes Brics currency, eyes less reliance on 'mighty' dollar - Business Standard

Quick Summary:

That agenda could draw the ire of US President Donald Trump, who has twice in recent months warned the Brics group.

In his first public remarks as Brazil's new central bank chief last week, Gabriel Galipolo said Pix is programmed in a way that it can be easily integrated with other payment systems, although governance challenges remain an important hurdle.

Founded in 2009 and soon expanded to add South Africa, the Brics group has recently included Egypt, Ethiopia, Indonesia, Iran, Saudi Arabia and the United Arab Emirates, making it a growing diplomatic counterweight to traditional Western powers.