🔴 China Opens 'First' Bank In Saudia Arabia & BRICS Talk Alternatives | The Mike & Mario Show - a podcast by RTD

The Bank of China opens its first branch in Riyadh, Saudi Arabia, boosting the use of yuan in finance and trade. BRICS members are increasingly adopting local currency settlements, reducing reliance on the US dollar. The BRICS alliance is considering the creation of a 'single unit account' as an alternative currency to the US dollar, aiming to facilitate unified settlements and reduce dependence on the dollar.

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