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brics-to-discuss-alternative-payment-platforms-at-upcoming-summit

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

Leave a Comment / Bitcoin, brics, China, Crypto Hacked, Cryptocurrency, dedollarization, Egypt, Ethereum, Ethiopia, Featured, financial platforms, India, Kazan, lula da silva, payment systems, Russia, Saudi Arabia, sergey lavrov, trade, U.S. dollar, UAE / / / , , , , , , , , , , , , , , , ,

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 the increasing use of national currencies in BRICS trade, particularly with […]

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brics-beats-dollar-dependence:-national-currency-settlements-exceed-usd-payments

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

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The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member nations has already surpassed the USD-based exchanges. Using the U.S. dollar can lead to expenses that can be avoided when paying with other currencies, BRICS Deputy Chairman of the Chamber of Commerce and

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