Zaltina's Collection

Introduction When you transfer money overseas - maybe paying university fees in U.S. or sending money to a family in Europe - your bank doesnt stuff cash into an envelope and ship it across the ocean. Instead, a hidden global network passess the message that triggers your payment. That network is called SWIFT - the Societ for Worlwide Interbank Financial Telecommunication. It's not flashy. It doesn't "move" money. But without it, global finance would grind to a halt. Let's break down how it works, why it matters, and how countries like China, Russia, and the BRICS are trying to challenge it.

Introduction Did you know the BRICS Nation- Brazil, Russia, India, China and South Africa- together represent over 40% of the total world population and nearly a quarter of the global GDP? This powerful bloc is reshaping the global order by challenging Western-led systems in Trade, finance and diplomacy. In this post we dive into what BRICS really stands for, how it works, and why its rise matters more than ever in the shifting balance of the global governance. Origin and Purpose: Why BRICS was Born First coined in the year of 2001, at that time called 'BRIC', consisting of Brazil, Russia, India and China. In the year of 2010, South Africa joined and thus in that year BRICS was born.