SCO & BRICS latest news and insights
By Rhod Mackenzie
Of all the currencies in the G20 countries, the ruble is considered the most undervalued. Analysts from Finam have calculated that the real exchange rate is only 33 rubles per dollar, which is three times lower than the official rate. The analysts explore whether the ruble truly...
By Rhod Mackenzie
Russia and China began actively using the yuan in their trade in 2022. This is now undermining the US dollar's position as the world's reserve currency. This is the conclusion of a study by economists at the European Bank for Reconstruction and Development. Historically, it takes...
By Rhod Mackenzie
The Moscow Exchange will start currency rading in UAE dirhams with settlement in rubles on Monday, and will also allow the settlement of over-the-counter transactions with the central counterparty (CCP) with the Turkish lira and the Hong Kong dollar, according to a statement from...
By Rhod Mackenzie
The emphasis on the use of the yuan in bilateral settlements with China is inevitable, but the share of the ruble in them is also growing, the Russian Economic Development Minister Maxim Reshetnikov told reporters in Beijing.
According to him, in bilateral agreements with China...
By Rhod Mackenzie
Russian billionaires have withdrawn tens of billions of dollars of assets from Europe since the beginning of the Russian-Ukrainian conflict, under the influence of international sanctions and the Russian authorities' favourable asset repatriation policy. As calculated by Bloomber...
By Rhod Mackenzie
More than 80% of payments between the Russian Federation and China are made in national currencies, so we can declare that the de-dollarization of economic relations between the two countries has taken place, said Georgy Zinoviev, director of the first Asian department of the Rus...
