Local Currencies Are Not Alternatives to the Dollar however the System, BRICS Bank Chair Says
The growth financial institution based by the BRICS bloc of rising economies goals to advertise a multipolar monetary system, its head, Dilma Rousseff, has indicated....
BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
The New Development Bank (NDB), established by the BRICS bloc of rising economies, has issued its first bonds denominated in South African rand (ZAR). 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...
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...
De-dollarization Has Already Started, Says Russia’s Foreign Minister Lavrov
The strategy of de-dollarization has virtually began, in keeping with Russian Minister of Foreign Affairs Sergey Lavrov. Moscow’s prime diplomat is satisfied that Russia’s place...
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
The improvement financial institution established by the BRICS group of countries has issued its first “green” bonds in U.S. {dollars} (USD). Proceeds from the location...