BRICS in Transition: Expansion, De-Dollarization, and the Growing Role of the New Development Bank
While the idea of a BRICS common currency has been ruled out by several member states, the organisation is now focusing on developing a common payment system for member countries. Apart from the Existing national payment systems like China’s Cross-Border Interbank Payment System (CIPS), and India’s Unified Payments Interface (UPI), the New Development Bank is […]