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The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.Geopolitical EconomyBRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposalBen Norton
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The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.Geopolitical EconomyBRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposalBen Norton
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Mike Norman considers the following as important:
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The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.
Geopolitical Economy