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BRICS bank looks to local currencies as Russia sanctions bite

NDB must do more in local currency -South Africa finmin 'No parallel universe' to dollar -NDB CFO Dollar borrowing costs have spiked Bank wooing new members to shore up capital JOHANNESBURG/SHANGHAI, Aug 10 (Reuters) - Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS |

Brics bank looks to local currencies as Russia sanctions bite

BRICS bank looks to local currencies as Russia sanctions bite | The Mighty 790 KFGO

By Rachel Savage and Brenda Goh JOHANNESBURG/SHANGHAI (Reuters) - Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank (NDB) set up by the BRICS countries needs to increase its local currency fundraising .

BRICS bank looks to local currencies as Russia sanctions bite

Hobbled by the impact of sanctions against founding shareholder Russia, the New Development Bank set up by the BRICS countries needs to increase its local currency fundraising and lending,. -Today at 03:00 am- MarketScreener

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