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Cryptopolitan
2023-04-23 18:34:32

BRICS New Development Bank breaks away from US dollar

BRICS New Development Bank breaks away from US dollar

In a bold move that challenges the US-dominated World Bank, the New Development Bank (NDB), established by the BRICS group, embraces local currencies for its loans. NDB President Dilma Rousseff has confirmed that the bank plans to provide 30% of loans in local currencies of its member nations, effectively moving away from using the US … BRICS New Development Bank breaks away from US dollar Read More »

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