Auto Added by WPeMatico

Brazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

Brazil pushes for a shift away from the U.S. dollar within the BRICS alliance, advocating for more use of national currencies in trade among member countries. As the group expands,…

Continue ReadingBrazil Pushes BRICS to Shift From US Dollar, Advocating National Currencies in Global Trade

Putin: BRICS Nations Developing Own Payment and Settlement System

Russian President Vladimir Putin has revealed plans for an independent payment system in collaboration with BRICS nations to secure foreign trade transactions. This move reflects a strategic shift aimed at…

Continue ReadingPutin: BRICS Nations Developing Own Payment and Settlement System

BRICS to Discuss Alternative Payment Platforms at Upcoming Summit

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…

Continue ReadingBRICS to Discuss Alternative Payment Platforms at Upcoming Summit

BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

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…

Continue ReadingBRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments

BRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official

BRICS’ new payment platforms, which offer alternatives to the U.S. dollar and euro, are attracting global attention, according to Russian Foreign Minister Sergey Lavrov. These systems enable countries to conduct…

Continue ReadingBRICS Payment Platforms Gain Momentum as US Dollar Alternatives, Says Russian Official

BRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

Russian President Vladimir Putin revealed that 34 countries have shown interest in joining BRICS activities, highlighting the global appeal of the group. He detailed Russia’s role in facilitating the integration…

Continue ReadingBRICS Gains Global Appeal as 34 Countries Show Interest, Putin Reveals

BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert

The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance on the U.S. dollar, opting instead to trade…

Continue ReadingBRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert