The Long Shadow Ledger·Oct 30Iran's BRICS entry turns a vague de-dollarization pledge into a shipping-lane problemTehran's banks are locked out of SWIFT and dollar clearing, so its BRICS trade settlement runs through barter, gold, and renminbi — a live…
The Long Shadow Ledger·Oct 21UAE and saudi arabia test BRICS payment rails as dollar peg holdsThe New Development Bank has approved 14 non-dollar loans since 2023, but Gulf central banks still settle most oil in greenbacks.
The Long Shadow Ledger·Oct 8BRICS settles 65% of trade in local currency as dollar share falls below 35%The bloc's New Development Bank has pledged to lend in members' own currencies for the next three years, but the dollar still clears most…
The Long Shadow Ledger·Sep 10UAE and egypt turn to BRICS payment rails as gulf dollar peg holdsThe New Development Bank has approved $42.9 billion across 139 projects, and its newest members are routing real trade through…
The Long Shadow Ledger·Sep 4BRICS expansion splits into factions as new development bank lending slowsThe bloc's membership has grown from five to eleven nations since 2023, yet NDB disbursements fell from $7.1 billion in 2022 to roughly…
