New Development Bank

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April 20, 2023

BRICS Bank De-Dollarizing, Promises 30% of Loans in Local Currencies, New Chief Dilma Rousseff Says

Ben Norton Geopolitical Economy Report

The new chief of the BRICS bloc’s New Development Bank, Brazil’s leftist ex-President Dilma Rousseff, revealed they are gradually moving away from the US dollar, promising at least 30% of loans in local currencies of members.

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