Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says

Local Currencies Are Not Alternatives to the Dollar but the System, BRICS Bank Chair Says

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The development bank founded by the BRICS bloc of emerging economies aims to promote a multipolar financial system, its head, Dilma Rousseff, has indicated. As part of these efforts, the institution seeks to expand lending in local currencies, those of member states in particular, such the South…

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