SCO & BRICS latest news and insights
By Rhod Mackenzie
According to a statement released by the Ministry of Foreign Affairs earlier this week, Egypt intends to negotiate a transition from the US dollar to national currencies for trade settlements with other BRICS countries.
The ministry stated that using national currencies would r...
By Rhod Mackenzie
According to Patricia Alonso Lopez, Vice-President of the National Assembly of the Republic of Arling, Nicaragua is interested in joining BRICS and developing relations with Russia. The Central African Republic has also expressed interest in cooperating with the association. Albe...
By Rhod Mackenzie
Trade between India and Russia reached a record $54.7 billion. The majority of this volume comes from Russian exports. As a result, the Russian Federation has accumulated rupees, which are difficult to convert. The solution to this problem is increasingly being cited as reinvestm...
By Emil Boev
The Bretton Woods system was created in 1944 and gave the American dollar an unprecedented role as the world's reserve currency. It also established a fixed exchange rate between the dollar and gold, with approximately one gram of gold per dollar. Individuals were able to exchange pap...
By Rhod Mackenzie
Investors are demanding higher corporate bond spreads from German businesses than in the rest of the eurozone due to a stagnant economy, serious problems in the construction industry and the real estate market, as well as the highest level of distressed companies in Europe. This...
By Vitaly Trofimov
In 2024, Russia will hold the presidency of BRICS, an international organization that has emerged from the quadrilateral format of economic cooperation. Over the past 18 years, it has become an alternative to the G7 and a prototype of the future world order.
During an internat...
