Recent Posts

Understanding the growing use of local currencies in cross-border payments

Geopolitical tension has intensified recently, accompanied by frequent use of economic and financial sanctions, mainly by the United States and its allies. Furthermore, there has been growing discontent in the rest of the world with the Fed’s conduct of monetary policy—believed to have caused wild swings in capital flows and …

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BRICS is doubling its membership. Is the bloc a new rival for the G7?

This bloc goes to eleven. At its summit on Thursday in Johannesburg, the BRICS group of Brazil, Russia, India, China, and South Africa announced that its membership is more than doubling. Argentina, Egypt, Ethiopia, Iran, the United Arab Emirates (UAE), and Saudi Arabia have been invited to join the group …

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Experts react: What the Prigozhin plane crash reveals about Putin, the Wagner Group’s future, and the war in Ukraine

It was easier to approach Moscow in June than to leave it in August. Wagner Group mercenary leader Yevgeniy Prigozhin, who staged a short-lived mutiny against the Russian military two months ago, was reportedly killed in a plane crash along with nine other passengers on Wednesday while traveling from Moscow …

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