ISO 20022 implementation for Fedwire Funds Service

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News Date: October 26, 2021

The FederalReserve Board of Governors is seeking industry feedback by December 11 on a revised plan to implement ISO 20022 message format for the Fedwire Funds Service.
Recently, the Federal Reserve Banks announced the message specifications for the FedNow Service. While both the Fedwire Funds Service and the FedNow Service plan to use ISO 20022 messages, the implementations of the ISO 20022 standard for these services are separate initiatives.
Sources: www.frbservices.org, gesara.news

BRICS Considers a global Stablecoin

BRICS nations are considering a stablecoin for international trade settlements.
Sergei Ryabkov, Russia's Deputy Foreign Minister, hails this move as groundbreaking.
He also states that BRICS is also exploring a platform for digital payments.
Ryabkov: "BRICS is moving forward, creating an important precedent."
Russia has also hinted at issuing a gold-backed stablecoin.
With member nations amassing gold reserves, the idea gains traction.

Iraq is working on issuing a digital currency and deleting zeros from the dinar

Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere.
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.
Sources: search4dinar

Mutual payment systems recognition for Russia and India

Indian banks may start accepting Mir payment cards.
Russia and India are planning to recognize each other's payment systems.
The issue of mutual recognition of RuPay and Mir was discussed during the recent visit of India's National Security Adviser Ajit Doval to Moscow.
Among other things, the possibility of active use of national currencies in bilateral trade was also considered.
Source: tvbrics.com

The Defund Davos Act

A group of House Republicans, led by Scott Perry have introduced the Defund Davos Act, seeking to halt federal funding to the World Economic Forum (WEF).
With the U.S. having spent tens of millions on the WEF over the years, GOP lawmakers argue for redirecting funds to domestic priorities.
The legislation underscores concerns about taxpayer money supporting an international forum that may not align with American interests.
The move is sparking debates in Congress over fiscal responsibility and the country's role in global initiatives.

April 2: Liberation Day and Coinage Act Celebration

April 2 weaves together two remarkable threads of American history, uniting past innovation with modern commemoration. On April 2, 1792, the United States Congress enacted the Coinage Act, a pivotal law that solidified the nation's early monetary system. Signed under President George Washington, this act established the dollar as the official currency and launched a bimetallic system, linking its value to gold and silver. Overseen by the newly founded United States Mint, it standardized coins by their precious metal content, fostering trust and stability in a young economy. Fast forward to 2025, and President Donald Trump declared April 2 "Liberation Day," a bold celebration of economic renewal through aggressive trade policies - an apt, if coincidental, nod to the day's historic financial roots.
While the Coinage Act of 1792 didn't usher in the full gold standard - later cemented in the 19th century - it laid critical groundwork with its practical yet forward-thinking design. It equipped the fledgling republic with a unified currency vital for commerce and growth, signaling a break from colonial reliance.
Today, April 2, 1792, endures as a cornerstone of American monetary history, its bimetallic foundation shaping the nation's economic trajectory. Trump's "Liberation Day" proclamation in 2025 adds a contemporary flourish, merging the legacy of financial independence with a modern vision of liberation, making April 2 a day of dual resonance.