BRICS bank striving to reduce dependence on dollar – The Financial Times

The development bank set up by BRICS countries is planning to start lending in South African and Brazilian currencies as part of a plan to reduce reliance on the dollar and promote a more multipolar international financial system, according to its president. Former Brazilian leader Dilma Rousseff, who heads the New Development Bank, also said the Shanghai-based lender is considering applications for membership from about 15 countries and is likely to approve the entry of

This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
New User Registration
*Required field