Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says
The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system,…
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NDB
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BRICS Bank Issues First ZAR Bonds as It Looks to Use Local Currencies
The New Development Bank (NDB), established by the BRICS bloc of emerging economies, has issued its first bonds…
Egypt Applies for BRICS Membership, Seeks Trade in National Currencies
Egypt has filed an application to join the BRICS bloc, Russia’s ambassador to the Arab nation confirmed. The…
Saudi Arabia is in Membership talks with the BRICS Bank
1 The “fundraising opportunities” are most important, said Ashwani Muthoo. 2 Saudi Arabia to negotiate entering BRICS as…
BRICS Bank to Offer More Loans in Local Currencies — President Calls for ‘Diversified Global Currency System’
The New Development Bank (NDB), aka the BRICS bank, is seeking to offer more loans in local currencies…
BRICS Bank in Membership Talks With Saudi Arabia, Report Reveals
The development bank set up by the BRICS bloc is negotiating with Saudi Arabia on accepting the country…
Brazil Sees BRICS Bank as Alternative Financial Institution, President Lula Says
The government of Brazil views the development bank established by the BRICS bloc as an alternative to traditional…
BRICS Bank ‘Re-taps Into USD Bond Market’ With $1.25 Billion ‘Green’ Bonds
The development bank established by the BRICS group of nations has issued its first “green” bonds in U.S.…