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  • BTC Dominance: 56.51%

local currencies

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Payments in National Currencies Surge to 92% Among SCO Members

Leave a Comment / Bitcoin, brics, China, Cooperation, Crypto Hacked, Cryptocurrency, economic ties, Economics, Ethereum, financial, India, Investments, Iran, local currencies, multipolar, national currencies, Payments, Russia, SCO, trade, U.S. dollar / / / , , , , , , , , , , , , , , , ,

Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which includes Russia, China, India, and recently added Iran, is encouraging the use of local currencies to strengthen […]

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brics-meeting-highlights-shift-to-local-currencies

BRICS Meeting Highlights Shift to Local Currencies

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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 countries. BRICS Ministers Push for Use of Local Currencies The BRICS Ministers of Foreign

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