China and Brazil have undergone discussions and decided to trade in their own country’s currency. These are seemingly calculated moves by Brazil and China, both which are BRICS nations Continue…
BRICS is an informal group of states comprising the Federative Republic of Brazil, the Russian Federation, the Republic of India, the People’s Republic of China and the Republic of South Africa. The growing economic might of BRICS countries, their significance as one of the main driving forces of global economic development, their substantial population and abundant natural resources form the foundation of their influence on the international scene.