BRICS New Development Bank Now Offers Loans in Local Currencies Instead of US Dollar

BRICS New Development Bank Now Offers Loans in Local Currencies Instead of US Dollar

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The US dollar has been losing its role in global trade. When the pound sterling lost its value during WWI and WWII, the US dollar was established as a global reserve currency. However, global nations are slowly steering away from US dollar reliance. Now The New Development Bank (NDB) of the BRICS…

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