SCO & BRICS latest news and insights
By Rhod Mackenzie
The share of the euro in global settlements through the SWIFT interbank system reached a historic low in March, accounting for 21.93% of the total, according to data analysed by RIA Novosti.
Over the course of the month, the euro lost 1.32 percentage points. In contrast, the dol...
By Rhod Mackenzie
More nations worldwide will gradually shift away from using the dollar in international trade and instead use their national currencies. Professor Jeffrey Sachs, an economist at Columbia University in the United States, shared this opinion with Izvestia on January 5.
“I do not b...
By Rhod Mackenzie
Yu Yongding, a former adviser to the People's Bank of China (PBOC), suggests that Beijing should gradually decrease the proportion of US government bonds in its foreign exchange reserves. Additionally, it is necessary to increase imports to balance foreign trade and reduce its vu...
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
Abu Dhabi's choice to discard the dollar in its trade demonstrates the significant changes the world has undergone in recent years.
There is a new addition to the de-dollarisation supporters, according to cryptopolitan.com, the United Arab Emirates (UAE) has ceased using the Ame...
By Rhod Mackenzie
Today at the start of the working week, the price of gold reached a six-month high.Reuters reports, the spot price for an ounce of gold rose by 0.4% on November 27th, hitting $2,009.69.
This is due to the devaluation of the US dollar. Additionally, there is a strong likelihood t...
