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Russia Pushes Digital Currency Plan for BRICS — Is This the End of Western Financial Dominance?
21.10.2024
Russian President Vladimir Putin has unveiled a plan to introduce digital currencies as a key tool for investment for the BRICS alliance. This proposal aims to boost economic growth in developing nations, with a focus on minimizing inflationary risks. By involving BRICS members and other developing...
BRICS Digital Currency ‘Could Launch in 5-10 Years,’ Experts Claim
21.8.2023
Experts in Brazil think BRICS leaders will agree to launch a digital fiat for the bloc at a summit next week.
The experts said the coin could debut in the next five to 10 years.
Per CNN Brasil and Tass, Evandro Caciano, the head of foreign exchange at Trace Finance, claimed that the nations...
BRICS Bank Could Issue Digital Currency for the Economic Bloc, Analyst Says
21.8.2023
A Trace Finance analyst has suggested that the BRICS nations could launch a single digital currency issued and regulated by the New Development Bank, also known as the BRICS Bank. He stressed that the U.S. is facing the biggest crisis in history. Many expect a common BRICS currency that would...
BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report
2.4.2023
The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first step. The next one is to provide...