BRICS vs Bretton Woods is about a gradual reconfiguration of world financial architecture
India, May 31 -- As BRICS challenges Bretton Woods dominance, India balances de-dollarisation, sovereignty, and global financial realignment.
Deep in the vaults of the Reserve Bank of India, a quiet metamorphosis is unfolding. Over one decade, India's gold reserves have doubled to $682 billion-the yellow metal's share rising steadily. In Moscow, the Central Bank executed something more dramatic: a total liquidation of its $90-billion U.S. Treasury portfolio, replaced by 2,330 metric tonnes of physical gold now comprising 44 per cent of reserves-a sovereign reallocation without precedent in modern monetary history.
These are not isolated acts of financial nationalism; they are symptoms of a tectonic shift reshaping global finance's archi...
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