The Collaborative Market Data Network -
serving the Public interest of Transparency in Debt Capital Markets
The Collaborative Market Data Network
Serving Transparency in Capital Markets
The Collaborative
Market Data Network

NEW BRICS MEMBERS COULD PROVIDE MUCH-NEEDED VEHICLE CURRENCY

Post Date: 29 February 2024

In January, five new members joined the Brics bloc: Saudi Arabia, the United Arab Emirates, Egypt, Iran and Ethiopia. This means that five new currencies are in the pot for payments and mutual holdings, joining those of Brazil, Russia, India, China and South Africa.


Continue reading this article?

If you are an Issuer, Dealer (Syndicate/Origination/Trading/Sales) or a Qualified Institutional Investor, a Capital Markets Lawyer or Regulator please try full access.
Register here

Already a subscriber?

Please Sign in