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3232Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade
https://www.digit.info/brazil-pushes-brics-to-shift-from-us-dollar-advocating-national-currencies-in-global-trade/
Thu, 17 Oct 2024 01:30:53 +0000https://www.digit.info/brazil-pushes-brics-to-shift-from-us-dollar-advocating-national-currencies-in-global-trade/Read more]]>Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands, discussions on alternative payment platforms are gaining momentum ahead of the BRICS summit in Kazan. Brazil aims to advance this initiative during its 2025 chairmanship, […]
]]>Brazil and China Deepen Trade Integration to Move Away From US Dollar, as First Yuan-Based Settlement Is Processed
https://www.digit.info/brazil-and-china-deepen-trade-integration-to-move-away-from-us-dollar-as-first-yuan-based-settlement-is-processed/
Sat, 15 Apr 2023 07:30:00 +0000https://www.digit.info/2023/04/15/brazil-and-china-deepen-trade-integration-to-move-away-from-us-dollar-as-first-yuan-based-settlement-is-processed/Read more]]>Brazil and China have reached a milestone in their economic integration, as the first bilateral settlement in Chinese yuan was completed ahead of the visit of President Luis Inacio “Lula” da Silva to China. The settlement, which was processed by the Industrial and Commercial Bank of China (ICBC) paves the way for cheaper and simpler […]