The share of the country’s transactions with other bloc members in national currencies has reached 85%, Elvira Nabiullina says The share of Russia’s settlements in national currencies with fellow BRICS countries has increased to 85%, up from just 26% two years ago, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti on…

The dollar-based international financial system is becoming “risky,” the head of Russia’s central bank says More and more countries are looking for alternatives to the Belgium-based SWIFT financial messaging system, the head of the Russian central bank, Elvira Nabiullina, told RIA Novosti in an interview on Tuesday.

Global credit rating agency S&P warned on Monday that it could cut Israel’s sovereign credit rating if the war with the Palestinian militant group Hamas expands to other fronts.   In October, S&P maintained Israel’s ‘AA-’ rating but lowered the country’s credit outlook from ‘stable’ to ‘negative’, citing risks that the Israel-Hamas war could spill…