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CATEGORY: common currency

Brazil’s President Lula Voices Support for BRICS Currency
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Apr 27, 2023 01:20

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

The post Brazil’s President Lula Voices Support for BRICS Currency appeared first on BTC Ethereum Crypto Currency Blog.

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BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jul 23, 2023 05:50

BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization

The heavily anticipated BRICS currency is not on the agenda to be discussed at the economic bloc’s upcoming leaders’ summit, according to South Africa’s diplomat in charge of BRICS relations. He clarified that the BRICS members will focus on de-dollarization and promoting the use of national currencies in international trade instead of the U.S. dollar. [...]

The post BRICS Currency Not on Agenda for Leaders’ Summit — Nations to Focus on De-Dollarization appeared first on Crypto Breaking News.

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Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 20, 2023 01:20

Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance

A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the Shanghai Academy of Social Sciences, believes that the proposed BRICS cross-border currency is a significant step in challenging the dominance of the U.S. dollar. Zhou asserts that the recent initiatives to promote local currency settlement have provided

The post Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance appeared first on BTC Ethereum Crypto Currency Blog.

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Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 11, 2023 10:35

Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’

Jim Rickards, an economist and the author of “Currency Wars,” has predicted the unveiling of a new BRICS currency, stating that it “could weaken the role of the dollar in global payments and ultimately displace the U.S. dollar as the leading payment currency and reserve currency.” Emphasizing that “The process by which this will happen [...]

The post Economist Jim Rickards Predicts Unveiling of New BRICS Currency — Says ‘the World Is Unprepared for This Geopolitical Shock Wave’ appeared first on Crypto Breaking News.

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BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
Jul 09, 2023 01:20

BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention

The BRICS Bank’s vice president and chief financial officer has shed light on the economic bloc’s aspiration to develop a common BRICS currency. His remarks followed recent reports suggesting that Russia has confirmed the BRICS’ plan to introduce a gold-backed common currency, with an official announcement expected to be made during the forthcoming BRICS leaders’

The post BRICS Bank Official Discusses Common Currency as Reports of Gold-Backed BRICS Currency Gain Attention appeared first on BTC Ethereum Crypto Currency Blog.

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Economist Discusses BRICS Currency’s Prospect of Becoming Global Currency
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Jun 07, 2023 05:50

Economist Discusses BRICS Currency’s Prospect of Becoming Global Currency

Economist Alexis Habiyaremye from the University of Johannesburg says that a proposed common BRICS currency, if used effectively and systematically for all trade transactions between BRICS nations, would “alleviate the burden on these countries to finance” the “disproportionate advantage that the dollar enjoyed in the international monetary system.” ‘BRICS Currency Has a Real Prospect of [...]

The post Economist Discusses BRICS Currency’s Prospect of Becoming Global Currency appeared first on Crypto Breaking News.

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Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 05, 2023 01:20

Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue

Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would give Argentina. Cafiero stated that the existence of such a currency would relieve the stress that the country is currently facing regarding the state of its foreign reserves and the devaluation of its fiat currency. Argentine Foreign

The post Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue appeared first on BTC Ethereum Crypto Currency Blog.

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BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report
Author: Crypto Breaking News
United Kingdom
Source: Crypto Breaking News
Apr 02, 2023 05:50

BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report

The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other [...]

The post BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report appeared first on Crypto Breaking News.

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BRICS to Promote National Currencies Before Issuing Common One
Author: btcethereumadmin
United States
Source: BTC Ethereum Crypto Currency Blog
May 01, 2023 01:20

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

The post BRICS to Promote National Currencies Before Issuing Common One appeared first on BTC Ethereum Crypto Currency Blog.

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