SCO & BRICS latest news and insights
By Rhod Mackenzie
According to a review by the Association of Russian Banks , the share of developing countries, including Russia, in global GDP will exceed 60% by 2026. This indicates a shift in the balance of power in the world economy, as developing countries are no longer peripheral. The Minis...
In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8% of the assets being undisclosed. No new content has been added. In Q3 2023, foreign central banks increased their international reserves to almost a trillion dollars, with nearly 8%...
By Rhod Mackenzie
Russian electronics importers have stopped using dollars and euros for payments and are now using currencies such as yuan and dirhams from friendly countries, according to news reports. This has helped to avoid price increases for equipment and, in some cases, even reduce prices....
By Rhod Mackenzie
In 2023, the Russian economy coped with such external challenges that no other country in the world has ever faced. In the new year, solving more internal economic problems will come to the fore. Will Russia be able to defeat inflation and increase budget revenues? Here we list a...
By Rhod Mackenzie
The South African rand was slightly weaker against the US dollar, trading at 18.7, as the dollar strengthened ahead of a highly anticipated US inflation report that could provide insight into the Federal Reserve's future actions. While the US central bank is expected to begin cut...
Amidst the ongoing Russia-Ukraine war, more countries have shifted from decades-long petrodollar, as over a fifth of global oil trade in 2023 were completed in currencies different from the U.S. dollar.
Coming at a time when operators in Nigeria are seeking ways to settle domestic oil and gas trad...
