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CATEGORY: russia brics currency


Jul 12, 2023 01:20

Russia’s Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges

The governor of Russia’s central bank says the creation of a common BRICS currency “requires the consent of many parties.” While emphasizing that the proposed BRICS currency “deserves attention,” the Russian central bank chief cautioned that this project is challenging and “will be quite difficult to implement.” Bank of Russia Governor on BRICS Currency Bank

The post Russia’s Central Bank: BRICS Currency Requires Consent of Many Parties, Faces Implementation Challenges appeared first on BTC Ethereum Crypto Currency Blog.

Jul 10, 2023 05:50

Treasury Secretary Yellen: BRICS Currency Won’t Threaten US Dollar Dominance

U.S. Treasury Secretary Janet Yellen has stated that she does not see the U.S. dollar’s dominance being threatened by any development, including the proposed BRICS currency. Yellen stressed that all the data of which she is aware shows that the dollar is overwhelmingly used in international transactions, emphasizing: “I don’t think that there is an [...]

The post Treasury Secretary Yellen: BRICS Currency Won’t Threaten US Dollar Dominance appeared first on Crypto Breaking News.

Aug 04, 2023 05:50

Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally

Russia says that a common BRICS currency is unlikely to be feasible in the near future but the process of de-dollarization of the global economy is inexorably underway. Russian Press Secretary Dmitry Peskov added that many countries, including those that do not face sanctions, are gravitating towards using national currencies in trade settlements. BRICS Currency [...]

The post Russia Says BRICS Currency Unlikely in Near Future but De-Dollarization Grows Globally appeared first on Crypto Breaking News.

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