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The Bank for International Settlements (BIS) is considering the possibility of closing the mBridge pilot project, a cross-border payments platform that Russian President Vladimir Putin considers a solution to circumvent international sanctions...

The BRICS summit that is taking place these days in Kazan, Russia, also has on its agenda the request made by Turkey to acquire the status of a full member of that economic organization, after until now it had observer status. Turkish President...

• Moneda americană s-a apreciat cu 40% faţă de minimul din 2011, în vreme ce valutele precum yuanul s-au depreciat faţă de dolar în ultimul deceniu, potrivit Business Insider 

• The US currency is up 40% from its 2011 lows, while currencies such as the yuan have depreciated against the dollar over the past decade, according to Business Insider 

Din anul 2010, majoritatea plăţilor transfrontaliere ale Chinei, precum şi ale multor alte ţări, au fost decontate în dolari SUA. Din primul trimestru al anului 2023, însă, situaţia s-a schimbat.

Since 2010, most cross-border payments of China, as well as many other countries, have been settled in US dollars. From the first quarter of 2023, however, the situation has changed.

The US dollar dominates global finance, especially in commodity markets, but China sees the transition to renewable energy as a way to increase the importance of the yuan, writes Business Insider.

With the outbreak of the war in Ukraine, Russia has further fueled the de-dollarization trend by concluding more contracts with its trading partners using the yuan, with China's currency now accounting for a large share of the Kremlin's...

Summitul BRICS (Brazilia, Rusia, India, China şi Africa de Sud), care a debutat aseară în Africa de Sud, cu o cină oficială, şi a cărui sesiune plenară va avea loc astăzi începând cu ora 11, are loc într-un context geopolitic care a dus la...

The BRICS (Brazil, Russia, India, China and South Africa) summit, which kicked off last night in South Africa with an official dinner, and whose plenary session will take place today starting at 11 am, takes place in a context geopolitical which...