SCO & BRICS latest news and insights
By Rhod Mackenzie
In 2022 at the begining of Russia's special military operation the US and the EU imposed their shock and awe sanctions,they also cut off most Russian banks from the SWIFT network and Joe Biden declared on TV that the Russian currency the ruble would be rubble and the Russian eco...
By Rhod Mackenzie
Brazil was the last of the BRICS founding member countries to full embrace trading using national currencies. Overall, these payments already account for around 90 per cent of transactions within the international association. So what is mainly bought with one's own cuurencies...
By Rhod Mackenzie
A recent survey of 75 central banks world wide has illustrated a serious reorientation of financial flows, with a shift away from the dollar and towards gold, the euro, and the yuan. Lets recall Russia pioneered this trend over a decade ago after sanctions were introduced against...
By Rhod Mackenzie
How The success of each country depends on the ability to identify its strengths. Furthermore, it is essential to be able to adapt to changes and build a development strategy, following your interests and new opportunities for growth and prosperity. In the current business climat...
By Rhod Mackenzie
Back in 2022 the decrepit and senile old fossil that was the President of the United States in his announcement of shock and awe sanctions on Russia sais that the he would destroy the Russian economy and turn the Russia currency the Ruble in to Rubble. We that did not work out al...
By Rhod Mackenzie
The BRICS countries have decided that the time is not yet right to switch to a single currency, but are actively discussing the transition to national currencies in trade. Russia has achieved notable success in this regard: It is already the case that 90% of settlements with the...
