You Searched For "BRICS Development Bank" and got 16 results
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2 mins read
Putin's dollar problem is on clear display at the BRICS summit, starting with the moment guests land at the airport
Mastercard and Visa halted operations in Russia. Most Russian banks only take US dollars or euros t…
Huileng Tan
2 mins read
BRICS's messaging about de-dollarization could get even messier if Zimbabwe joins the group's bank
A former Zimbabwe finance minister said there could be an economic "disaster" if the current admini…
Huileng Tan
2 mins read
China-based BRICS bank aims to de-dollarize debt by expanding local currency lending
The New Development Bank has plans to expand lending in Brazilian, South African, and Indian curren…
Filip De Mott
1 min read
China, Russia and India aren't developing a dollar rival, top official says: 'There's no idea of a BRICS currency'
India's foreign minister S. Jaishankar pushed back on the idea that the BRICS group of countries ar…
George Glover
4 mins read
BRICS decides to admit 6 countries as new members of grouping; focuses on voices of Global South
op leaders of the BRICS nations on Thursday decided to admit Argentina, Egypt, Ethiopia, Iran, Saud…
PTI
1 min read
Key BRICS member admits the dollar will remain dominant despite oil deals in rupees and yuan
"I wish the Indian rupee should be the lead currency in the world. But I'm also a realist," India's…
Filip De Mott
2 mins read
BRICS-led dedollarization should alarm the US as new members could be most aggressive against the greenback, former State Dept. official says
"It is clear that traditional US allies, such as Egypt, Saudi Arabia, and the UAE, are already expl…
Filip De Mott
3 mins read
The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
The BRICS nations appear divided on the issue, as statements from the bloc's leaders last week indi…
Huileng Tan
3 mins read
The BRICS summit ended with no new currency and all 5 members issuing differing and contradictory commentary on de-dollarization
The BRICS nations appear divided on the issue, as statements from the bloc's leaders last week indi…
Huileng Tan
2 mins read
Brazil's president wants to end dollar dominance and backs calls for BRICS nations to use their own currency
"Who was it that decided that the dollar was the currency after the disappearance of the gold stand…
Filip De Mott
2 mins read
There's no threat to the dollar's global dominance and central banks are still banking the US currency 'like nobody's business,' Chamath Palihapitiya says
"In general, the anchor currency for governments and central banks has been, will be, and will like…
Jennifer Sor
2 mins read
Russia is becoming increasingly dependent on Chinese banks as its yuan borrowings more than quadruple
The renminbi's increased role in Russia's banking sector indicates further efforts to reduce relian…
Joseph Wilkins
1 min read
BRICS bank offers $250 million loan to Canara Bank for renewable energy project
This loan is the first such loan from the development financial institution. Image credit: Indiati…
2 mins read
Even a Russian-cofounded bank can't fund new projects in the country — and it shows just how financially isolated the country is
Any speculation concerning the discussion of new operations of the NDB in Russia is "unfounded," th…
Huileng Tan
1 min read
Arun Shourie, Yashwant Sinha in the race to become next BRICS bank president
The NDB is set up by the BRICS states (Brazil, Russia, India, China and South Africa) as an alterna…
2 mins read
De-dollarization fears are overblown, but rising debt and US brinkmanship are top threats to the greenback, Bank of America says
"Therefore, the key threats to the USD's dominant role seem largely domestic, as opposed to competi…