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Rupee-Riyal trade, UPI payment system

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News Date: September 19, 2022

India, Saudi Arabia discuss Rupee-Riyal trade, UPI payment system.
India and Saudi Arabia have discussed the possibility of starting a rupee-riyal trade as part of efforts to boost economic ties between the nations, the Indian government said in a statement on Monday.
Sources: indiatimes

BRICS commission on space cooperation

A joint commission on space cooperation of the BRICS countries was established, kicking off a new chapter of joint observation and data sharing of remote sensing satellites among the five member states.
The Joint Committee was officially launched on Wednesday, opening a new chapter in the remote sensing satellite observation.
The constellation is made up of existing satellites contributed by the space agencies.
Sources: globaltimes

Gold rush. Welcome to the era of gold!

Gold, silver coin demand surging, straining U.S. Mint capacity.
The US Mint is limiting the distribution of its gold, silver, and platinum coins to specific dealers because of heavy demand, and a limited number of suppliers of metals.
Unprecedented silver demand forcing bullion deals to stop taking orders before the market opens.
After creating massive short-squeezes in stocks like Gamestop, Blackberry, and AMC, retail investors mobilized over social media started to focus on the silver market.
Sources: www.reuters.com, www.kitco.com

Putin, Xi To Sign a 'New Era' Declaration

Kremlin: Putin, Xi To Sign Declaration On 'New Era' Ties.
Russian President Vladimir Putin and Chinese leader President Xi Jinping will sign an agreement ushering in a 'new era' of ties during talks in Moscow next week, a Kremlin official said Friday.

Cryptocurrencies backed by gold and shares

Unlike most other cryptocurrencies, YEM is backed by gold and also by 100 000 shares of SafeZone, Inc
Official website: yemfoundation.org/faq
Gold-backed cryptocurrency is a type of crypto stablecoin where each token is backed with physical gold. With the token price pegged to the gold price, there is less price volatility compared to Bitcoin or other altcoins.
A guide to gold-backed cryptocurrency:
goldscape.net
Also, Beijing announces a digital currency backed by gold:
consortiumnews.com

The Gold Standard Monetary Reset

Did Russia Intentionally Trigger A Monetary System Reset?
Russian central bank to restart buying gold from banks will pay fixed price from March 28.
Russia Central Bank Announces Ruble Bound to Gold! 5000 Rubles per Gram.
By pegging gold to the ruble, Russia has just wiped out the dollar's clout from the world markets.
Moscow Will Consider Bitcoin, Gold, and Ruble Payments for Natural Gas.
Lavrov pushes for more active Russia-India-China cooperation, calls it 'Troika'.
Iran wants to trade with Russia in national currencies.
Lavrov: Russia, China Moving Towards Multipolar 'Fair World Order'.
Source: tfiglobalnews.com, youtube.com

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