SCO & BRICS latest news and insights
It is widely acknowledged and also anticipated that Trump will begin to exert economic pressure on China at the beginning of his second term, as evidenced by his appointments to key posts in his administration and the experience that he has gained over the previous four years. However, despite its...
Prior to even taking up residence in the White House, Donald Trump the new-old US president has made the statement that is tantamount to declare a currency and trade war with the countries who are members of the BRICS countries. I know Trump is used to making outlandish and outragious statement bu...
By Rhod Mackenzie
The introduction of new US sanctions on trading the dollar and euro did not result in a significant level of panic among either the general public or businesses. The announcement of the sanctions on the weekend of 12 June, coupled with the Central Bank's subsequent reassurances,...
By Rhod Mackenzie
The petrodollar agreement between Saudi Arabia and the United States, signed in 1974, has now expired. This will enable Saudi Arabia to sell its oil and other goods not only in US dollars but in other currencies, according to media reports. Lets look at why the Saudis entered in...
If the dollar and the international monetary system collapse, the BRICS countries will be able to offer an alternative. Alexey Mozhin, Executive Director for Russia at the International Monetary Fund (IMF), said on 3 May.
"Much is now being written about the shortcomings of the current system. Mor...
The Former US President Donald Trump, again striving to become the “leader of the free world,” is trying to prevent countries around the world from abandoning the use of the dollar. How will he take revenge and how will this threaten the economy? And what should Russia do in this situation with its...
