BRICS which comprises of Brazil, Russia, India, China, and South Africa which represent five major world economies in the Global South. Right from valuing local currencies more to working towards dethroning the U.S. dollar, these nations are together trying to shift the power from the Global North t...
By Andrew Mullen
Beijing continues to send a clear message – as it has for years – that enhancing overseas use of its currency, the yuan, is a priority, particularly in the face of US dollar hegemony.
The push has involved attempts to boost the yuan’s appeal as an alternative in international tr...
By Yaroslav Lissovolik
One of the key themes to be discussed at the BRICS summit in South Africa in 2023 is set to be the theme of BRICS expansion, namely the widening of the ranks of emerging market economies that form the BRICS core. With nearly 20 developing countries expressing interest in joi...
By Rhod Mackenzie
Russian exports of agricultural products will not suffer if the “grain deal” is terminated.
This opinion was expressed by Russian Foreign Minister Sergei Lavrov, Interfax reports.
“I proceed from the fact that in any case, the export of our fertilizers and foodstuffs continue...
By Kandy Wong
Argentina will allow commercial banks to open customer accounts in yuan, as the Chinese currency makes another step in its global use, with the South American nation battling a dwindling supply of US dollars.
China has long been pushing for internationalisation of the yuan, while th...
By Laura Zhou
When Chinese President Xi Jinping rolled out the red carpet for five regional leaders at the first China-Central Asia summit last month, the event was replete with historic symbols of the Silk Road.
Billed as the country’s “first major diplomatic event” of the year, the summit was h...