SCO & BRICS latest news and insights
By Rhod Mackenzie
The share of the Russian currency,the ruble in its foreign trade has changed dramatically in recent years. The Central Bank reported new records for the ruble and friendly currencies in foreign trade.
This spring, they have been setting new records almost every month. At the sa...
By Rhod Mackenzie
As of 31 March 2024, the share of the yuan in cross-border payments in the PRC was 52.9%, while the US dollar accounted for 42.8%. It is evident that the currencies of China and the United States are now moving at opposite rates. The statistics clearly demonstrate the growing tre...
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...
By Rhod Mackenzie
It is undeniable that the financial situation in the United States is concerning. The primary indicator of this is the staggering national debt, which has surpassed $34 trillion for the first time in the country's history this year. As noted by prominent American economists: Acco...
By Rhod Mackenzie
Russia has become the leading economy in Europe and the fifth in the world in terms of purchasing power parity (PPP). It has not only overtaken Germany, but is also preparing to catch up with Japan. What does PPP mean? And how has Russia achieved such a rise?
Russia has become t...
By Rhod Mackenzie
The Indian rupee begins trading on Thursday, February 1, with a slight decline against the American currency - by 0.08%, to 82.97 per dollar. Overall, the pair has traded around 83 per dollar since mid-January, slightly weaker than its four-month high of 82.8 reached on January 1...
