IMF Chief Requests Clarity on BRICS Payments System Initiative
The International Monetary Fund (IMF) is seeking more information regarding the BRICS payments system initiative. This request comes as the BRICS group, which includes Brazil, Russia, India, China, and South Africa, aims to bolster cross-border transactions without relying on the U.S. dollar. The initiative was discussed during a recent summit in Kazan, Russia, held concurrently … Read more