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3232Former Russian PM: BRICS Not Ready for Common Currency
https://www.digit.info/former-russian-pm-brics-not-ready-for-common-currency/
Tue, 27 Aug 2024 03:30:45 +0000https://www.digit.info/former-russian-pm-brics-not-ready-for-common-currency/Read more]]>Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common currency, particularly between large economies like India and China. While some BRICS members support a single currency, Stepashin advocates for enhancing financial […]
]]>BRICS to Strengthen Economic Cooperation — Sherpa Calls for Increased Trade in National Currencies
https://www.digit.info/brics-to-strengthen-economic-cooperation-sherpa-calls-for-increased-trade-in-national-currencies/
Thu, 18 May 2023 01:30:32 +0000https://www.digit.info/2023/05/18/brics-to-strengthen-economic-cooperation-sherpa-calls-for-increased-trade-in-national-currencies/Read more]]>South Africa’s BRICS Sherpa says one of the priorities at the upcoming BRICS summit is “to strengthen economic cooperation.” He added: “We need a stable global financial architecture, a global financial arena. That is why we say that we need to trade in our own currencies.” He also believes that the recession forecasts by the […]
]]>Sberbank Analyst’s Editorial Delves Into the ‘Tremendous Potential’ of a BRICS Reserve Currency Fueling De-Dollarization
https://www.digit.info/sberbank-analysts-editorial-delves-into-the-tremendous-potential-of-a-brics-reserve-currency-fueling-de-dollarization/
Sat, 07 Jan 2023 19:30:16 +0000https://www.digit.info/2023/01/07/sberbank-analysts-editorial-delves-into-the-tremendous-potential-of-a-brics-reserve-currency-fueling-de-dollarization/Read more]]>During the last month, Russia’s ruble has dropped 16.48% against the U.S. dollar as energy and commodity prices have slowed over the last few weeks. Russia’s central bank revealed two weeks ago that it is further distancing itself from U.S. dollar dependence by purchasing the Chinese yuan on foreign exchange markets. Roughly around the same […]