BRICS Nations to Encourage Use of Local Currencies in Trade
Countries within the BRICS bloc intend to encourage using native currencies in cross-border commerce, their overseas ministers revealed. The high diplomats, who met in South...
BRICS Bank to Offer More Loans in Local Currencies — President Calls for ‘Diversified Global Currency System’
The New Development Bank (NDB), aka the BRICS financial institution, is looking for to supply extra loans in native currencies to cut back dependence on...
Russia Actively Shifting to Settlements in National Currencies, US Dollar Share Declining, Says Foreign Minister
Russia is actively shifting to settlements in nationwide currencies with its companions, Foreign Minister Sergey Lavrov has affirmed. He expects the transition away from the...
BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals
The growth financial institution arrange by the BRICS bloc is negotiating with Saudi Arabia on accepting the nation as a member, in response to a...
Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements
Trading inside a Russia-led regional group has successfully moved away from the U.S. greenback, in line with the deputy head of the Russian authorities. The...
EAEU Official Urges BRICS and SCO for Joint Use of Digital Currencies, New Payment Card
Three integration unions with Russian participation, BRICS, SCO, and the EAEU, ought to undertake joint insurance policies on using digital currencies, based on a high...
Xi Jinping and Putin Discuss BRICS Cooperation With Brazil’s President
Chinese President Xi Jinping and Russian President Vladimir Putin engaged in telephone conversations with Brazilian President Luiz Inácio Lula da Silva concerning their joint work...
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
The authorities of Brazil views the event financial institution established by the BRICS bloc as an alternative choice to conventional monetary establishments, the nation’s head...
Moody’s on De-Dollarization: Rating Agency Labels US Debt Default a ‘Near-Term Danger to the Dollar’s Position’
As requires the creation of a world various to the buck develop, credit standing company Moody’s stated on May 25 that rival currencies such because...
Putin Believes Decentralization Will Help Global Economy Be More Resilient
Russian President Vladimir Putin has said that the decentralization of the finance system would possibly profit the worldwide economic system, permitting it to be extra...