SCO & BRICS latest news and insights
By Rhod Mackenzie
In December 2023, analysts are concluding their assessments of the past year. One clear outcome they all agree upon by the majority is the achievement of the Chinese currency.
The Financial Times reports that the yuan has demonstrated significant triumph in 2023. This is rather...
By Rhod Mackenzie
According to Liu Lin, the deputy head of the investment department of the People's Bank of China (PBOC), major issuers are trying to take advantage of the interest rate differential between China and the United States, and are therefore issuing and selling as many yuan bonds as p...
By Anna Koroleva
In July 2023, the share of the dollar in international settlements, according to the Swift system, rose to a record 46.5%. However, as experts note, the share of settlements going through Swift itself is noticeably decreasing, so that its statistics no longer reflect the entire tu...
