... elections may well lead to a tougher American policy towards China. Given this scenario of exacerbation, the politicisation of finance in the form of sanctions is also likely. Among the new members of the Association, the interested parties include Iran, which has been under US sanctions for more than 40 years and is effectively excluded from the world of global finance, with its dominance of dollar payments. The remaining countries which were in BRICS prior to this year (India, Brazil and South Africa), and most of the new ones (Egypt, Ethiopia and the UAE), are still closely integrated into the existing US-centric ...
... 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.
Some of the GCC countries also share the R in their Rials in KSA and Qatar. But they cannot contemplate being in this league, solely because they are pegged to USD and none has yet faced any of the hardships that some of the key players in this ...
... dynamics of global and regional stability, as well as political risks associated with a possible exacerbation of the situation in most dangerous regions of the world. Special attention was paid to the situation in the Middle East and the threats of the US-Iran conflict.
