By Goldilocks and Seeds of Wisdom Goldilocks posted comments and news links on the global financial system: Brics bank strives to reduce reliance on the dollar | Financial Times “The development bank set up by the BRICS nations plans to begin lending in the 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. We’re going to try to either do a currency swap or issue debt. And also in rupees.” The bank already lends in renminbi.” On the first day of the…
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