De-dollarization was a closely watched topic amid the BRICS summit last week. But BRICS nations appear divided on the issue, as statements from the bloc's leaders indicated. The latest SWIFT data ...

The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, have had many discussions about establishing a new reserve currency backed by a basket of their respective ...

Zimbabwe's central bank has introduced a new gold-backed currency, ZiG, to combat high inflation. This is Zimbabwe's sixth attempt at a new currency since 2008. The African nation is aiming to phase ...

(Bloomberg) -- There are few places in all of Argentina as poor as La Rioja, a sleepy, desolate province carved out of the red-clay highlands that form the country’s northwestern border with Chile.

For most of human history, currency was a direct claim on tangible, productive output. Before the abstraction of government fiat or cryptocurrency, value was stored in things that required real work ...

Blog posts represent the views of CFR fellows and staff and not those of CFR, which takes no institutional positions. There is little doubt that China rather actively managed its currency in 2023. For ...

The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies. Central to ...