Economy / Trade

“De-Dollarization”: BRICS Countries Propose New Currency 

Executive Summary  In late March, Russian officials announced that the BRICS (Brazil, Russia, India, China, and South Africa) countries are working on creating a new currency for use in international trade.  BRICS has developed deep ties since its inception in 2009 through expanded access in trade, annual diplomatic summits, and the creation of the New Development Bank.  … Continue reading →