RIAC Report #98
RIAC Report #98 / 2024
The following report provides a detailed analysis of how the People’s Republic of China is working to strengthen its position in the global financial system by internationalizing its currency. The authors thoroughly examine the factors and strategic objectives of de-dollarization as part of the yuan internationalization process. The ...
... analogue of the American dollar in BRICS in the form of the currency of one of the member countries? The question is whether China itself is ready to internationalize the yuan to the extent that the US dollar has today.
Evelina Fokina:
Institutionalization ... ... Review to Making Reality
The fourth problem is the unbalanced and fragmented balance of payments when making payments in national currencies. This problem arises, for example, in trade relations between Russia and India, where the Russian side has a surplus ...
... for fertilizers, Russia pays India in Resolve for tea, and India pays in Resolves to South Africa for distillation products.
The merits for accelerating and expanding the scope of NDB are not only inherent in the form of more elasticity for national currencies but also bringing Asia Pacific (China), Eurasia (Europe), India (Sub-Continent), Middle East or West Asia (Iran) Africa (South Africa) and South America (Brazil) together. An immediate intra-continental set of synergies will emerge through issuing bonds, loans and even trade finance....