RIAC :: Economy,Currencies

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A BRICS Reserve Currency: Exploring the Pathways

... of common/integration projects that may be financed in national currencies. In the end, the launching of a new reserve currency if successful will impart a transformational effect on the international financial system. The Central Banks in the global economy are experiencing a notable shortage of reserve currencies in managing their reserve holdings. In this respect, the emergence of additional reserve currencies from among the EM economies will serve to expand the possibilities for diversifying reserve holdings and reducing the vulnerabilities associated ...

14.11.2022

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Barriers to de-Dollarization Within BRICS

... national currencies in trade, including currency swaps mechanisms and reasons for BRICS exporters' preference not to use national currencies. Design flaws are outlined in the New Development Banks' Contingency Reserve Arrangement (CRA) in the context of de-dollarizing ... ... Moves East, India West, Straining Ties The 2017 BRICS New Development Bank’s strategy report The Role Of BRICS In The World Economy & International Development detailed a long-term vision of the direction BRICS countries’ economic cooperation was headed ...

01.02.2021

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In your opinion, what are the US long-term goals for Russia?

U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements	33 (31%)
U.S. wants to deter Russia’s military and political activity	30 (28%)
U.S. wants to dissolve Russia	24 (22%)
U.S. wants to establish alliance relations with Russia under the US conditions to rival China	21 (19%)