Cryptocurrency Market

  • Market Cap: $2,677,175,516,813.01
  • 24h Vol: $71,393,247,189.27
  • BTC Dominance: 58.46%

brics

putin-says-us-dollar-dominance-diminishing-as-use-of-‘toxic-currencies’-declines

Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines

Russian President Vladimir Putin claims U.S. economic policies are diminishing the dollar’s global dominance. “Last year the share of payments for Russian exports in the unfriendly states’ so-called toxic currencies was halved,” he revealed, labeling the U.S.’s $1 trillion trade deficit as modern neocolonialism and emphasizing Russia’s shift towards using the ruble and local currencies […]

Putin Says US Dollar Dominance Diminishing as Use of ‘Toxic Currencies’ Declines Read More »

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

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

BRICS Meeting Highlights Shift to Local Currencies Read More »

30-countries-seek-to-join-brics,-russian-ambassador-to-china-says

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), Saudi Arabia, and Ethiopia. Last week, Russian Presidential Spokesman

30 Countries Seek to Join BRICS, Russian Ambassador to China Says Read More »

brics-to-promote-national-currencies-before-issuing-common-one

BRICS to Promote National Currencies Before Issuing Common One

The BRICS bloc is now focused on expanding the use of the currencies of its members, according to the representative of one of them. The establishment of a single currency for the group is not an immediate task at this point in time, the diplomat indicated in an interview. Wider Use of National Fiats of

BRICS to Promote National Currencies Before Issuing Common One Read More »

russia-actively-discussing-brics-expansion-with-member-nations,-official-reveals

Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals

A Russian official has revealed that regular discussions are being held between Russia and other BRICS member nations regarding the expansion of the economic group. “This requires a thorough analysis and delicate internal work by the five countries to reach a consensus,” according to Russia’s Foreign Ministry. Member Countries Discuss BRICS Expansion Maria Zakharova, the

Russia Actively Discussing BRICS Expansion With Member Nations, Official Reveals Read More »

russian-foreign-minister-sergey-lavrov-states-de-dollarization-‘can-no-longer-be-stopped’

Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’

Russian Foreign Minister Sergey Lavrov has spoken on the current shift to national currencies and the de-dollarization international markets are currently experiencing. In a press conference after addressing the UN Security Council on April 25, Lavrov stated this shift could not be stopped, and that the future of traditional international institutions like the International Monetary

Russian Foreign Minister Sergey Lavrov States De-Dollarization ‘Can No Longer Be Stopped’ Read More »

brics-currencies-to-have-no-alternative,-former-russian-president-medvedev-says

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says

Fiat currencies of BRICS member states will have no alternative in the future, according to former President of Russia Dmitry Medvedev. Nations in the bloc need to think about their digital forms and a digital currency issued by the group as a whole, the Russian politician said. Ruble, Yuan, Other BRICS Currencies to Take Over

BRICS Currencies to Have No Alternative, Former Russian President Medvedev Says Read More »

brazil’s-president-lula-voices-support-for-brics-currency

Brazil’s President Lula Voices Support for BRICS Currency

Brazil’s president, Luiz Inacio Lula da Silva, has expressed support for the creation of a BRICS currency. His statement of support comes as the BRICS bloc is gaining global influence, with 19 countries seeking to join the group. Brazilian President Lula Supports BRICS Currency Creation Brazilian President Luiz Inacio Lula da Silva reiterated Wednesday that

Brazil’s President Lula Voices Support for BRICS Currency Read More »

brics-‘getting-applications-to-join-every-day,’-attracts-19-requests-before-summit

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit

Over two dozen nations have applied for BRICS membership ahead of its upcoming annual summit, the representative of the hosting nation revealed in an interview. The organization which unites leading emerging economies will discuss its enlargement in early June. BRICS to Talk Expansion as Number of Candidates Continues to Grow The BRICS group of nations

BRICS ‘Getting Applications to Join Every Day,’ Attracts 19 Requests Before Summit Read More »

indonesia-is-following-brics-de-dollarization-lead,-says-central-bank-governor

Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor

Indonesia is following the BRICS’ lead in de-dollarization and shifting away from the U.S. dollar in trade settlements and financial transactions, according to the country’s central bank governor. The BRICS nations are working on creating a common currency to reduce their USD reliance. Indonesia’s De-Dollarization Efforts Bank of Indonesia Governor Perry Warjiyo said Friday that

Indonesia Is Following BRICS De-Dollarization Lead, Says Central Bank Governor Read More »