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CATEGORY: common currency

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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