BRICS Alliance Considers Creating a SWIFT Counterpart to Reduce Dependence on Western Institutions
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#eb220739 ver:0.33
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#newstr #Brics #Swift #Russia #StateDuma #Iran #India
https://here.news/story/eb220739?ver=0.33
Ripple's Potential Role as the New Federal Reserve in the Emerging Financial System
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#eb220739 ver:0.32
The BRICS alliance aims to reduce reliance on the US dollar and establish a multipolar financial system. They are exploring blockchain technology and digital assets, potentially benefiting Bitcoin. India and Nigeria have agreed to trade in their local currencies, strengthening bilateral relations and de-dollarization efforts. Despite US efforts to undermine the alliance, trade between Russia and India reached a record high. The dominance of the US dollar in cross-border transactions is declining, and the BRICS alliance aims to create an independent payment system. Wall Street analyst Linda Jones suggests Ripple could serve as the new Federal Reserve in this emerging financial system. The US dollar could decline if BRICS assumes control of the energy industry and trades in their currencies. The BRICS alliance plans to launch a gold-backed currency to challenge the dollar. Ripple's transparency and the XRP Ledger make it suitable for this new system. The de-dollarization initiatives by BRICS will have adverse effects on the US economy. #BRICS #de-dollarization #Ripple #XRP #Bitcoin #financialsystem...
#newstr #Brics #Dedollarization #Gold #Oil #UsDollar #BankingAndFinanceSector #Ripple #FederalReserve #EmergingFinancialSystem
https://here.news/story/eb220739?ver=0.32
Ripple's Potential Role as the New Federal Reserve in the Emerging Financial System
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#eb220739 ver:0.31
The BRICS alliance aims to reduce reliance on the US dollar and establish a multipolar financial system. They are exploring blockchain technology and digital assets, potentially benefiting Bitcoin. India and Nigeria have agreed to trade in their local currencies, strengthening bilateral relations and de-dollarization efforts. Despite US efforts to undermine the alliance, trade between Russia and India reached a record high. The BRICS alliance aims to create an independent payment system and challenge the dominance of the US dollar. Ripple could play a role similar to the Federal Reserve in this new system. The US dollar's dominance could decline as BRICS assumes control of the energy industry and trades in their currencies. The alliance plans to launch a gold-backed currency to challenge the dollar. This de-dollarization could have adverse effects on the US economy. #BRICS #de-dollarization #Ripple #Bitcoin...
#newstr #Brics #Ripple #Dedollarization #UsDollar #FinancialSystem #Transparency #Accountability #XrplLedger #FederalReserve
https://here.news/story/eb220739?ver=0.31
Ripple Could Serve as the New Federal Reserve in the Emerging Financial System
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#eb220739 ver:0.29
The BRICS alliance is intensifying efforts to reduce reliance on the US dollar and establish a multipolar financial system. They aim to create a new global reserve currency, potentially leading to hyperinflation and job cuts in the US. The alliance is developing an independent payment system based on blockchain and digital assets, with Ripple potentially serving as the new Federal Reserve. The dominance of the US dollar is declining, and the BRICS alliance's de-dollarization initiatives could further erode its dominance. The goal is to launch a gold-backed currency to challenge the dollar by 2024. #BRICS #deDollarization #Ripple #USdollar...
#newstr #Brics #Dedollarization #Gold #Oil #UsDollar #BankingAndFinanceSector #Ripple #FederalReserve #XrpLedger
https://here.news/story/eb220739?ver=0.29
BRICS Alliance Aims to Dethrone US Dollar with Gold and Oil Production
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#eb220739 ver:0.27
The BRICS alliance is intensifying efforts to reduce reliance on the US dollar and establish a multipolar world. They are focusing on the oil industry and increasing investments in gold, with China leading the way. The alliance aims to create a new global reserve super currency outside of the US dollar, potentially leading to hyperinflation and job cuts in the US economy. They are also exploring the use of blockchain technology for their payment system, with Bitcoin potentially benefiting as a more neutral alternative. India and Nigeria have agreed to trade in their local currencies, strengthening bilateral trade relations and contributing to de-dollarization. Despite US efforts to undermine the alliance, trade relations and de-dollarization initiatives continue to strengthen. The dominance of the US dollar in cross-border transactions has been declining, and the BRICS alliance's efforts could further erode its dominance. The alliance aims to create an independent payment system based on digital technologies and blockchain, signaling a potential shift in the global financial landscape....
#newstr #Brics #UsDollar #Gold #Oil #Dedollarization
https://here.news/story/eb220739?ver=0.27
30 Countries Express Interest in Joining BRICS Alliance After 2024 Summit
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#eb220739 ver:0.23
Approximately 30 countries have expressed interest in joining the BRICS alliance after the 2024 summit, attracted by the de-dollarization agenda and the opportunity to strengthen their economies. The alliance aims to reinforce supply chains, develop the digital economy, support small businesses, stimulate tourism, and cooperate in transport and logistics. Despite US efforts to undermine the alliance, bilateral trade between Russia and India reached a record high, solidifying the BRICS alliance. The alliance is also exploring blockchain technology for its payment system and aims to challenge the dominance of the US dollar. The BRICS alliance's de-dollarization efforts could erode the US dollar's dominance in global trade. #BRICS #de-dollarization #globalfinance...
#newstr #Brics #Dedollarization #EconomicPartnerships #Summit #Russia
https://here.news/story/eb220739?ver=0.23
US Covert Efforts Against BRICS: A Diplomatic Standoff
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#eb220739 ver:0.22
The US is covertly trying to undermine the BRICS alliance, but the group continues to strengthen trade relations and de-dollarization efforts. With $17.5 billion in bilateral trade between Russia and India, the alliance is reshaping the global financial landscape. BRICS is expanding its membership and exploring blockchain technology for a competing currency. The dominance of the US dollar is declining, and the BRICS alliance aims to create an independent payment system, signaling a potential shift in the global financial landscape. #BRICS #de-dollarization #globalfinance...
#newstr #Brics #DiplomaticStandoff #SergeiRyabkov #UsCovertEfforts
https://here.news/story/eb220739?ver=0.22
BRICS Trade Hits New Record as US Dollar Takes Big Hit, Furthering De-Dollarization Initiatives
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#eb220739 ver:0.21
#BRICS trade hits record high as US dollar weakens, advancing de-dollarization initiatives. Russia and India witness surge in bilateral trade, reaching $17.5 billion in Q1. BRICS alliance actively expands membership and develops native currency. Embracing blockchain and digital assets to challenge US dollar dominance. IMF warns of potential collapse of US dollar. BRICS aims to reshape global financial landscape. #economy #trade #deDollarization...
#newstr #Brics #Trade #UsDollar #Dedollarization #Blockchain #Bitcoin
https://here.news/story/eb220739?ver=0.21
BRICS Alliance Expands as India and Nigeria Ditch US Dollar for Local Currency Trade
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#eb220739 ver:0.19
The BRICS alliance is expanding with new member countries set to be announced at the 2024 summit. This move will reduce reliance on the US dollar and intensify de-dollarization efforts. India and Nigeria, both BRICS members, have agreed to trade in their local currencies instead of the US dollar. The BRICS alliance is also exploring blockchain technology and a competing currency based on digital assets. This shift away from the US dollar could benefit Bitcoin as a more neutral and decentralized alternative. #BRICS #de-dollarization #Bitcoin...
#newstr #Brics #India #Nigeria #UsDollar #Trade #Currency
https://here.news/story/eb220739?ver=0.19
BRICS Alliance Expands as Two New Members Opt Out of US Dollar Dominance - Will Bitcoin Benefit?
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#eb220739 ver:0.18
The BRICS alliance is expanding and urging nations to abandon the US dollar for global trade. India and Nigeria have already signed a trade agreement to settle payments in local currencies, and Nigeria is interested in joining BRICS. The alliance aims to replace the US dollar as the world's reserve currency. As countries move away from the dollar, Bitcoin could benefit as a more neutral and decentralized alternative. #BRICS #de-dollarization #Bitcoin...
#newstr #Brics #UsDollar #Bitcoin #India #Nigeria #Trade #Dedollarization #Blockchain
https://here.news/story/eb220739?ver=0.18
BRICS Alliance Expands as Two New Countries Join Efforts to Ditch US Dollar
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#eb220739 ver:0.17
The BRICS alliance is expanding as new countries join to reduce reliance on the US dollar. The upcoming summit in Russia will announce new member countries, with over 35 expressing interest. India and Nigeria have already signed a trade agreement to use local currencies, abandoning the dollar. China's strong Q1 economic growth supports the alliance's goal of a multipolar world. BRICS aims to reshape the global financial landscape and increase its overall value. #BRICS #de-dollarization #multipolarity...
#newstr #Brics #Dedollarization #GlobalTrade #LocalCurrencies #UsDollar #China'sEconomy #GdpGrowth
https://here.news/story/eb220739?ver=0.17
BRICS Expands Membership and Increases Oil Payments in Local Currencies, Challenging US Dollar Dominance
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#eb220739 ver:0.15
#BRICS to expand membership at 2024 summit, inviting developing nations interested in joining the alliance. This move aims to challenge US dollar dominance and intensify de-dollarization efforts. Additionally, BRICS aims to control global oil sector, with 20% of oil payments already settled in local currencies. If Saudi Arabia joins, the percentage is expected to increase, posing a threat to the prospects of the US dollar. #globalfinance #decentralization...
#newstr #Brics #OilPayments #LocalCurrencies #UsDollar
https://here.news/story/eb220739?ver=0.15
BRICS Alliance Advances Efforts to Eliminate US Dollar in Global Trade
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#eb220739 ver:0.13
The BRICS alliance is advancing efforts to reduce reliance on the US dollar in global trade, prioritizing the use of local currencies. China and Russia recently signed a trade agreement settling up to $260 billion in local currencies, encouraging other countries to follow suit. This de-dollarization initiative could put pressure on the US dollar and reshape the global financial sector. #BRICS #de-dollarization #globaltrade...
#newstr #Brics #UsDollar #Trade #LocalCurrencies #Dedollarization
https://here.news/story/eb220739?ver=0.13
China Expects Major Economic Growth After Ditching US Dollar
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#eb220739 ver:0.12
China expects major economic growth in 2024 after ditching the US dollar and promoting the use of the renminbi. The alliance between China and Saudi Arabia, along with Russia's push for de-dollarization, could challenge the dollar's global dominance. Egypt plans to completely ditch the dollar by 2024, and the BRICS alliance is calling for Middle Eastern nations to stop using the dollar for oil payments. While there are roadblocks to de-dollarization, such as the dollar's pre-eminence and the RMB's lack of stability, the shift away from the dollar could have significant implications for the global financial system and US influence. #China #de-dollarization #BRICS...
#newstr #China #UsDollar #EconomicGrowth #Dedollarization #Brics #MiddleEast #Egypt #Russia #Mena #GulfStates
https://here.news/story/eb220739?ver=0.12
BRICS Alliance and Regional Countries Challenge the Dominance of the US Dollar
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#eb220739 ver:0.11
Chinese President Xi Jinping visited Riyadh, Saudi Arabia, symbolizing the deepening ties between China and Saudi Arabia. China aims to challenge the global dominance of the dollar by trading oil and gas in renminbi. Talks about pricing oil sales to China in renminbi have been accelerating, and in November, China and Saudi Arabia signed a currency swap agreement worth 50 billion yuan, allowing Saudi Arabia access to Chinese currency and vice versa. If China's oil and gas trade operates in renminbi, it will be outside the Western financial system and effectively unsanctionable. The renminbi's use in global trade finance has tripled in the last three years, and it overtook the euro as the second-most used currency in global trade in September. While the dollar is still dominant globally, the...
#newstr #Brics #UsDollar #Renminbi #OilTrade #CurrencyDiversification #GlobalFinancialSystem #MiddleEast #Egypt #Mena #GulfStates
https://here.news/story/eb220739?ver=0.11
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