[ad_1] The BRICS New Development Bank is starting to lend more in member currencies. The bank’s president, Dilma Rousseff, told The Financial Times 30% of lending will be in local…
Tag: dedollarize
China-based bank trying to de-dollarize global lending needs dollars
[ad_1] Chinese President Xi Jinping. Reuters The New Development Bank is having trouble finding dollar funds to repay debts, the Wall Street Journal said. It was established by the BRICS…