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BRICS
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BRICS: China Suspends Argentina’s $6.5B Currency Swap
Following its rejection of a BRICS invitation issued at its 2023 Annual Summit, China has suspended Argentina’s $6.5…
BRICS: Major US Bank Predicts Future of US Dollar
As 2023 comes to a close, the US economy has started its long road to recovery, with interest…
BRICS: Russia & India Settle $40B of Trade in Local Currency
Amid BRICS’ overarching de-dollarization efforts, both Russia and India have settled $40 billion worth of trade in local…
UAE Forecasting 5.7% Economy Growth After Joining BRICS
In a new look at the country’s financial outlook, the United Arab Emirates (UAE) is forecast to experience…
BRICS Pay: Paving the Way for a Currency in 2024?
One of the major desires of the BRICS bloc has been its attempts to curtail the Western-led SWIFT…
Trade Between BRICS Countries To Reach $500 Billion
Trade between BRICS countries experienced a rapid rise in 2023 after signing new deals and renewing existing partnerships…
BRICS: China’s Yuan now 4th Most Used Global Currency
In what is certainly a positive development for the BRICS bloc, China’s Yuan is now the 4th most…
BRICS: US Dollar Used in 48% of International Transactions
As a sign of the prevailing dominance of the greenback despite BRICS de-dollarization, the US dollar is still…
BRICS Confirms Another 6 Country Expansion in 2024
At the bloc’s 2023 annual summit, the BRICS alliance announced a landmark six-country expansion effort. Subsequently, Saudi Arabia,…
BRICS: US Dollar Reserves Fall 6.5% But Local Currencies Rise 3.65%
The Central Banks of BRICS countries have been offloading US dollars through the year to protect their respective…