Indonesia Follows BRICS’ Lead, Ditches Dollar For Local Currency
The country’s central bank governor said that Indonesia is following the lead of BRICS countries in de-dollarization as it ditches the dollar in favor of its local currency.
Russia Developing Special Institutions To Mine and Transfer Crypto Across Borders
Due to the economic separation between Russia and the West resulting from the invasion of Ukraine, Russia is developing special institutions to mine and transfer crypto across borders.
BREAKING DOLLAR HEGEMONY, BRICS Drive Bitcoin Adoption
As a way of breaking US dollar hegemony, BRICS countries have started pushing for greater Bitcoin adoption.
BRICS Creates New Payment System To Bypass The Dollar
The Eurasia Economic Union (EAEU) is speeding up its design of a common payment system, which has been closely discussed for nearly a year with the Chinese under the stewardship of Sergey Glazyev, the EAEU’s minister in charge of Integration and Macro-economy.
Everybody Wants To Hop On The BRICS Express
The US, in yet another trademark hysteria fit rife with irony, accused Tehran of weaponizing the Russian Armed Forces. For both Tehran and Moscow, the superstar, value-for-money, and terribly efficient drone let loose in the Ukrainian battlefield is a state secret: its deployment prompted a flurry of denials from both sides. Whether these are made in Iran drones, or the design was bought and manufacturing takes place in Russia (the realistic option), is immaterial.
Russia And China Officially Announce A “New Global Reserve Currency”
What may surprise some people, however, is that Russia and the BRICS countries, including Brazil, Russia, India, China, and South Africa, are officially working on their own “new global reserve currency,” RT reported in late June. Nobody even seemed to notice.
Saudi Arabia, Egypt, Turkey May Join BRICS ‘Very Soon’, Forum Chair Anand Says
Purnima Anand, the chair of the Forum, said that at the 14th BRICS summit they discussed the possibility of Saudi Arabia, Egypt, and Turkey joining BRICS very soon.
Will US Dollar Be Replaced With BRICS Currencies?
The U.S. dollar is used by nations for international transactions because it is a stable currency that is easily convertible all over the globe and because resources like oil are priced in dollars. However, will the US dollar be replaced with BRICS currencies in the near future?
BRICS May Defuse Frozen Border Issues Between India and China
The 14th BRICS Summit, a virtual gathering hosted by China that finished on Saturday, focused on measures to increase the group’s influence on the world arena while also fostering sustainable infrastructure development in the area. One takeaway from this is that BRICS might defuse the frozen border issues between India and China.
Putin Planning A New Global Reserve Currency For BRICS
The BRICS group had before stated that it was seeking to create a shared payment network in order to reduce dependency on the Western banking system. Now, Putin has declared they are planning a new global reserve currency for the BRICS.