BRICS to create fairer payment mechanism

Gesara.news » » BRICS to create fairer payment mechanism

Share via:

Date: January 19, 2023

BRICS is exploring ideas to create a fairer payment system that reduces dependence on dollars, South African Foreign Minister Naledi Pandor has said.
South Africa is the current BRICS chair.
Source: indiatimes

China astounding Gold reserves to be revealed in CDBC announcement

China hoarded an enormous amount of the precious metal.
China Gold reserves to be revealed in Central Bank Digital Currency announcement that threatens U.S. currency hegemony.
It is expected a major announcement of Chinese gold holdings that would astound most analysts would probably be accompanied with any Central Bank Digital Currency release and mention of gold backing.
Source: asiamarkets

SCO to expand trade in national currencies

China-led SCO bloc agrees to expand trade in national currencies.
The leaders of the Shanghai Cooperation Organisation (SCO) agreed on Friday to take steps to increase the use of national currencies in trade between their countries, according to a joint declaration adopted on Friday.
Source: reuters.com

Saudi Arabia to host China-Arab summit during Xi visit

Saudi Arabia plans to host a Chinese-Arab summit on Dec. 9 attended by Chinese President Xi Jinping during his visit to the kingdom, three Arab diplomats in the region familiar with the plans said on Wednesday.
Sources: reuters.com

BRICS common currency

Russian FM says BRICS group to consider common currency.
Russia, Brazil, India, China, and South Africa may soon consider creating their own currency within the framework of the BRICS, FM Lavrov hints possibility during a visit to Angola.
Source: aa.com

Russia to continue Mir bankcard expansion

Mir is a payment and money transfer system operated by the Russian National Payment Card System.
The Russian Mir payments system is expanding to other countries in 2022.
Russia's central bank on Friday pledged to keep expanding the number of countries that accept its Mir bank cards.
Source: reuters.com