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Nalezeno "brics": 231

BRICS Meeting Highlights Shift to Local Currencies


BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local currencies in financial transactions between the BRICS...

30 Countries Seek to Join BRICS, Russian Ambassador to China Says


Russian Ambassador to China Igor Morgulov disclosed that approximately 30 countries are interested in joining the BRICS economic bloc in an opinion piece published by the South China Morning Post last week. BRICS welcomed five new members in January: Egypt, Iran, the United Arab Emirates (UAE)...

Robert Kiyosaki Warns of US Dollar Collapse if BRICS Crypto Happens


Rich Dad Poor Dad author Robert Kiyosaki has issued a cautionary statement regarding the possible downfall of the U.S. dollar in the event of the BRICS economic bloc launching a gold-backed cryptocurrency. Kiyosaki predicts a scenario where trillions of U.S. dollars flood back into the country...

BRICS Bloc Mulls Stablecoins, CBDC-Based System for International Settlements


Russian Deputy Foreign Minister Sergey Ryabkov revealed that the BRICS bloc has been considering the use of stablecoins for its common rail payment systems. In an interview with TV BRICS, Ryabkov stated that the use of stablecoins and a connection linking the CBDCs of the participants were studied...

Russia Regulates Use of Digital Assets for International Settlements


Russia has integrated the use of digital assets as payment for international transactions in its legislation. President Vladimir Putin signed into law a document that describes using these assets as payment for international settlements, a use case not contemplated in any law, appointing...

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System


Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current...

Russian Business Leaders Talk Up Prospects of a BRICS Digital Fiat


Russian business leaders want to use “digital assets” and a “single digital currency” to trade with BRICS members and other “friendly” nations. Experts in Brazil have previously claimed that a BRICS digital fiat could launch within the next five to 10 years.” Per the media outlet Bankovskoye...

Indonesia Expands De-Dollarization Efforts With National Task Force Formation


Indonesia’s central bank has established a national task force to expand the use of local currency with partner countries. Malaysia, Thailand, Japan, and China are already trading with Indonesia using local currencies. In addition, Singapore and South Korea have signed cooperation agreements...

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