Russia has called for unified standards on sustainable financing among the member states of the Shanghai Cooperation Organisation (SCO), presenting best practices and proposals to support regional ...

The U.S. dollar has been the dominant currency in global trade and finance for more than seven decades. Over that time, ...

The BRICS economic bloc, comprising Brazil, Russia, India, China, and South Africa, has been accelerating efforts to establish a cross-border payment system independent of Western financial ...

“We are considering our various financial innovations on the BRICS floor, including the cross-border payment system that can be based, further to bilateral settlements, on national currencies with ...

1 The second pathway is being blazed by the BRICS group (Brazil, Russia ... Such cooperation will replace the London/Wall Street “free trade” imperial looting system, ending governments’ “bailin/ bail ...

Other leaders backed the creation of a common cross-border payments system, which would help BRICS countries trade with each other, bypassing the dollar-dominated global financial system. Brazilian ...

“The Philippine financial system remains resilient but faces moderate risks that warrant close monitoring,” the BSP said in its latest financial stability report. “The propagation of global ...

Russian Finance Minister Anton Siluanov says BRICS members are working on various financial innovations including the development of a “digital” cross-border payment system to carry out monetary ...