Cross-border payments

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BRICS pushes new payment system as dollar reliance comes under pressure

BRICS finance ministers are moving ahead with talks on a new payment system aimed at lowering reliance on the US dollar, according to Reuters. The discussions took place during a virtual summit and…

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BRICS explores local-currency trade as debt pressures rise in G7

Finance ministers from the BRICS group held a virtual meeting overnight to discuss expanding trade in local currencies, according to people familiar with the talks. The discussions focused on payment…

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