Russia has taken a bold step to reduce reliance on the US dollar. The country’s Ministry of Finance and Central Bank have released a report advocating for a new financial system. This proposal comes ahead of the 16th BRICS summit, scheduled for October 22-24, 2024. BRICS, representing Brazil, Russia, India, China, and South Africa, is […]
Related Posts
Salvador de Bahia’s Culinary Stars Shine in 2024
In the vibrant heart of Salvador, five restaurants have ascended to the forefront of Brazil’s gastronomic scene, earning spots on the 2024 EXAME’s top 100 list. These establishments not only capture Salvador’s dynamic flavors but also echo the city’s rich cultural heritage. Among them, Origem stands out with its daily three-act tasting menu priced at […]
Risk Landscape Across Latin America: An Overview
Latin America’s markets are undergoing shifts due to a mix of economic volatility, supply chain disruptions, and political changes. Luca Moneta, a senior economist at Allianz Trade, points out to Bloomberg Linea that these factors contribute to an average risk rating of B3 across the region. Economic growth, inflation, and currency fluctuations influence this rating. […]
Bolivia’s Central Bank Uses $1.7 Billion to Control Speculation
The Central Bank (BCB) used $1.7 billion from its Net International Reserves (NIR) to control dollar demand and market speculation in Bolivia. BCB President Edwin Rojas shared this on Red Unitel, a local TV channel. He noted that although reserves fell initially, they became stable in the last four months of 2023. Rojas spoke in […]