Latin America’s First CIPS Bank Boosts BRICS Move Away from US Dollar
-
币界网报道：Latin America's first bank to join China's Cross-Border Interbank Payment System (CIPS) has been announced, marking a significant step in BRICS nations' efforts to reduce reliance on the US dollar. The move strengthens financial ties between China and Latin America while advancing the bloc's de-dollarization agenda. This development follows BRICS' recent expansion and initiatives to promote local currency settlements in international trade. The participating bank's integration into CIPS will facilitate smoother RMB-denominated transactions, potentially accelerating the shift away from traditional dollar-dominated payment systems in emerging markets.
下一篇
Federal judge halts Trump's asylum ban, ruling it exceeds presidential authority
- [A U.S. federal judge halts Trump's immigration asylum ban, ruling that it exceeds the pre...
226422