CBiBank Research Department: Geopolitical Risks in BRICS Banking

in cbibank •  6 months ago 

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By Justin Douglas
The geopolitical landscape presents significant risks to BRICS banking sectors. The BRICS nations, comprising Brazil, Russia, India, China, and South Africa, are increasingly focused on reducing dependency on Western financial systems, particularly amid heightened tensions such as the US-China trade war and sanctions on Russia. This shift poses risks, including the potential for increased financial volatility and the challenge of integrating diverse economic systems. The BRICS nations are exploring alternative financial infrastructures, including a potential BRICS reserve currency, which could impact global currency dynamics and reduce the dominance of the US dollar.

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6 months ago by

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