The BRICS bank, commonly called The New Development Bank (NDB), is making waves in international finance. According to recent reports, the New Development Bank (NDB) of BRICS nations will offer loans in the local currencies of member states, marking a significant shift away from reliance on the U.S. dollar. As confirmed by Dilma Rousseff, the new chief of NDB, this innovative approach aims to support member nations and foster greater economic independence. The bank aims to provide loans in native currencies and not the U.S. dollar, a strategy designed to reduce currency risk and promote sustainable growth within the BRICS economic bloc. The New Development Bank (NDB), established by the BRICS group, is moving away from the US dollar in international trade, signaling a potential future for global finance where diverse currencies play a more prominent role. NDB President Dilma Rousseff has emphasized the importance of this initiative. The New Development Bank (NDB), established by BRICS nations, has started offering loans in local currencies. This innovative move aims to support member countries in their development projects without the exchange rate volatilities associated with the U.S. dollar. Learn more about how BRICS bank loans in native currencies are reshaping international finance and impacting global trade dynamics.