BRICS+ News Update
Jim O'Neill changed his mind. The former Goldman Sachs economist who invented the BRIC concept now admits that the creation of an alternative financial system to the dollar is no longer an illusion. In a detailed analysis, we explore why he changed his view, how the BRICS bloc is building new financial infrastructure, and what this means for the future of global money. From local currency trade to the New Development Bank, the architecture of a multipolar financial order is emerging. O'Neill's acknowledgment is a milestone. Read our full post to understand the shift that is reshaping the world economy.
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August 20, 2026 6
