BRICS Pay and the Push to De-dollarize Global Finance
Why in the News? Since 2014, BRICS nations have worked to cut dependence on the U.S. dollar, launching the New Development Bank (NDB), Contingent Reserve Arrangement (CRA), and now BRICS Pay to promote local currency trade and rival the SWIFT system. About BRICS Pay Initiative: Overview: BRICS Pay is a proposed cross-border digital payment and… Continue reading BRICS Pay and the Push to De-dollarize Global Finance

