SCO & BRICS latest news and insights
If the dollar and the international monetary system collapse, the BRICS countries will be able to offer an alternative. Alexey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), said on 3 May.
"Much is now being written about the shortcomings of the current system. Mor...
In an interview with RIA Novosti, Alexey Mozhin, executive director for Russia at the International Monetary Fund (IMF), stated that the collapse of the world monetary system is a distinct possibility. He further elaborated that this will inevitably occur if the downward trend in investor confidence...
The Former US President Donald Trump, again striving to become the “leader of the free world,” is trying to prevent countries around the world from abandoning the use of the dollar. How will he take revenge and how will this threaten the economy? And what should Russia do in this situation with its...
By Rhod Mackenzie
The share of the euro in global settlements through the SWIFT interbank system reached a historic low in March, accounting for 21.93% of the total, according to data analysed by RIA Novosti.
Over the course of the month, the euro lost 1.32 percentage points. In contrast, the dol...
By Claudia Luna Palencia
Is this current weakness just another passing episode, as has happened on other occasions since the end of Bretton Woods? Is it a structural trend caused among other things by the fact that China has been selling its dollars for years, after becoming the main holder of deb...
About 92 percent of trade settlement between Russia and China is now conducted in Russian rubles and Chinese yuan, Russian Deputy Prime Minister Alexei Overchuk said at the Boao Forum for Asia in South China's Hainan Province.
He also said that Russia hopes to strengthen financial ties with other...
