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Central Bank of Iran promises CBDC launch, fintech to fight sanctions
26.11.2024
The digital rial is being developed for retail purposes so far, but the integration of Iranian payment systems with Russia may foil US sanctions.
Russia Pushes for New Precious Metals Platform to Reshape BRICS Trade
24.10.2024
Russia pushed for the creation of a BRICS platform to trade precious metals and diamonds at the BRICS Summit, criticizing excessive global trade regulations. President Vladimir Putin emphasized the need to bypass barriers that stifle the market. The summit also backed a BRICS Grain Exchange...
China’s Trade With BRICS Surges: A $653 Billion Boost in Emerging Markets
15.10.2024
China’s trade with BRICS countries surged by 5.1% year-on-year, reaching 4.62 trillion yuan (approximately $653 billion) in the first three quarters of 2024. Officials emphasized the importance of BRICS as a crucial platform for developing nations to collaborate, particularly in sectors like steel...