BRICS Leaders Unite Against Dollar Dependence

The BRICS summit in New Delhi on Sunday concluded with a historic moment for the 11-nation bloc, which spans four continents and nearly half of the world's population. Chinese President Xi Jinping, Russian leader Vladimir Putin, Iranian President Masoud Pezeshkian, and Indian Prime Minister Narendra Modi stood together in a family photograph, symbolizing unity and cooperation among member states.

The image captured an important moment for BRICS, which is not about revolt against the US dollar's dominance but rather about hedging its bets. As the bloc continues to grow, it seeks to diversify its economic ties and reduce dependence on any single currency.