BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies

BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National CurrenciesSouth Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the […]

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Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization

Sberbank Analyst's Editorial Delves Into the 'Tremendous Potential' of a BRICS Reserve Currency Fueling De-DollarizationDuring the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same […]

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