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Nalezeno "Payment Systems": 64

BRICS Unified Currency Deemed Premature by Russian Official


Russia’s Deputy Foreign Minister has stated that discussions on a single currency for the BRICS economic bloc are premature due to differences in financial regulation among member nations. Instead, the focus remains on enhancing financial sovereignty and exploring national currencies...

Russia Pushes for Sustainable BRICS Interbank Networks and Payment Systems


Russia is pushing to develop independent interbank networks and payment systems within BRICS to boost the bloc’s financial influence. Moscow aims to expand cross-border settlements and the use of national currencies in BRICS trade, as part of a strategy to reduce dependence on Western financial...

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit


Russian Foreign Minister Sergey Lavrov announced that a report on alternative payment systems for BRICS nations will be presented at an upcoming summit in Kazan. The proposal, led by Brazilian President Lula da Silva, seeks to reduce reliance on traditional financial platforms. Lavrov emphasized...

India Favors BRICS Payment System, Says Institute Director


India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all parties are essential before making any decisions....

Iran Proposes to Link All BRICS Payment Systems


The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that the conditions have been created for this...

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