BRICS Nations to Expand Use of National Currencies Through New Financial Platform

Publikováno: 11.10.2024

#Economics #brics #clearing systems #costs #Development #financial platform #infrastructure #national currencies #Payments #Russia #Sergey Ryabkov #trade #transactions #unity #Western #Yury Ushakov

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BRICS Nations to Expand Use of National Currencies Through New Financial Platform

Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure developments like a BRICS-wide platform and special clearing systems. This move aims to simplify transactions between member nations and reduce trade costs. Meanwhile, Russian Deputy Foreign Minister Sergey Ryabkov highlighted ongoing Western efforts […]