Your Global News Source
Cards of the Russian payment system Mir are already accepted on the Venezuelan island of Margarita, Russian Ambassador to Caracas Sergey Melik-Bagdasarov told journalists. “On the island of Margarita, which is preparing to receive and is receiving Russian tourists, they are going to start – and, have already started – to accept payments [with the […]
Brazil talks up local currency in the BRICS trade. Brazil’s Foreign Minister, Mauro Vieira, says using local currencies in BRICS trade will make transactions faster and cheaper. He discussed this on the “Good Morning Minister” TV show, produced by Brazil Communication Company. Last month, BRICS leaders met in Johannesburg. They asked their finance ministers to […]
Oxford Economics projects Angola’s inflation to increase, reaching 18% by the end of this year and 20.3% in early 2024. To address this, the National Bank of Angola is expected to raise interest rates by 200 basis points. Since May, the kwanza’s significant devaluation has contributed to higher food and transportation costs, exacerbating the inflationary […]
