BRICS Bank to Issue First Indian Rupee Bond — Plans to Boost Local Currency Lending
The New Development Bank (NDB), also referred to as the BRICS Bank, is reportedly planning to subject its first Indian rupee bond by October. Last...
Russian President Vladimir Putin Criticizes the ‘Use of the Dollar as a Political Weapon’
Russian President Vladimir Putin has railed in opposition to utilizing the greenback as a political weapon in a gathering with the New Development Bank’s president,...
BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
The BRICS Bank’s vice chairman and chief monetary officer has make clear the financial bloc’s aspiration to develop a typical BRICS forex. His remarks adopted...
Argentina Settled Almost 20% of Its Imports in April and May Using the Chinese Yuan
The authorities of Argentina has famous that 19% of all imports approved within the nationwide system had been settled utilizing the Chinese yuan in April...
BRICS Bank President Dilma Rousseff Calls for the Creation of a Global South Focused Financial System
Dilma Rousseff, president of the New Development Bank — often known as the BRICS financial institution — and former Brazilian president, has known as for...
Honduras Applies to Join BRICS Bank
The authorities of Honduras has formally utilized to develop into a part of the New Development Bank, generally known as the BRICS financial institution, in...
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...
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...
Russian Think Tank Profiles BRICS Bank as IMF Counterpart to De-Dollarize Credit Markets
The Roscongress Foundation, a Russian assume tank, has profiled the New Development Bank, generally known as the BRICS financial institution, as a substitute for the...