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BRICS Expands Yuan Network to 185 Nations | The Middle East Observer
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The two countries decided to expand the use of their national currency, Yuan and ruble in bilateral transactions, reducing the dependence on the dollar
BRICS Expands Yuan Network to 185 Nations | The Middle East Observer
Bloc deepens financial independence through new bonds, loans, and currency-swap deals BRICS nations are accelerating efforts to construct an alternative financial framework that operates outside the orbit of the US dollar, as China and Russia spearhead a wave of yuan-denominated initiatives spanning loans, bonds and cross-border payments. In a landmark move this week, China and […]
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