SCO & BRICS latest news and insights
By Rhod Mackenzie
In the last monthe of autumn , the Chinese currency ranked fourth in global payments, reaching a record 4.61%, according to the SWIFT Financial System. The growth rate of the yuan's share speaks for itself: it has almost doubled compared to last year's 2.37%. Additionally, in Oct...
By Rhod Mackenzie
According to Thomas Hill, a former senior State Department official and the current director of the North Africa program at the American Institute of Peace (USIP), the recent expansion of BRICS should concern the United States. Hill explains that new members and prospective membe...
By Rhod Mackenzie
The volume of trade between Russia and India may reach a record high by the end of the year. As of the end of the third quarter of 2023, the trade volume has already reached 3.9 trillion rubles. This information was reported by RIA Novosti, citing Deputy Minister of Economic Deve...
By Sofwan F Arrasyid
The global economy always moves in ever-evolving dynamics, every economic actor, whether countries, groups of countries, multinational private companies or international organizations, has a significant role. One group that is increasingly prominent in the world economic lands...
By Rhod Mackenzie
The Russian Central Bank Governor Elvira Nabiullina showed Western economists an example of high-quality work under stressful conditions. In fact, she shattered all their illusory ideas about the financial system of the world, created over the course of the last 30 years.The econ...
By Rhod Mackenzie
In October 2023, Russia disappeared from the list of primary centres for yuan settlements via SWIFT. This development has significant ramifications as China is one of Russia's primary trading partners.
Notably, SWIFT is an international document management system employed by fi...
