South Africa has hosted a summit of BRICS nations comprising Brazil, Russia, India, China and South Africa. The aim has been to find ways to eliminate dependence on the US dollar in international trade.

The US Treasury Secretary, Janet Yellen, says Washington should expect a gradual decline in the dollar share of the global reserve as a global dedollarization move is gaining momentum.

The five foreign ministers of the BRICS member states will be joined by 15 other foreign ministers representing Africa, the Global South, and Friends of BRICS nations.

Brazilian President Luiz Inacio Lula da Silva has summoned his environmental and indigenous affairs ministers for emergency talks after a push by the congress to dilute environmental powers.

Brazilian president Lula da Silva denounces the lack of collected efforts to release the WikiLeaks founder Julian Assange, and called for his immediate release, during his visit to London to attend the coronation ceremony of king Charles III.

Many countries are seeking alternatives to or ditching the greenback, is the hegemony of the US dollar, should we be asking when, not if, de-dollarization will happen on a mass scale?

The days of US dollar hegemony appear to be numbered as multiple countries have adopted alternative currencies to the US dollar for international transactions.