Former Russian PM: BRICS Not Ready for Common Currency
Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the…
Browsing Tag
common currency
13 posts
Ministry of Economic Development of Russia Pessimistic About Quickly Advancing BRICS Common Currency Proposal
The Ministry of Economic Development of Russia does not expect the rapid development of a common currency for…
BRICS Discussing Single Unit of Account, Alternative to Dollar, Russian Finance Minister Says
The BRICS members are mulling over the possible launch of a common unit of account, Russia’s Minister of…
US Dollar to Remain Major Global Currency, South Africa’s BRICS Sherpa Says
BRICS plans to discuss trade in national currencies at its summit but de-dollarization is not on the agenda,…
India’s External Affairs Minister Shuns BRICS Currency Talks, Prioritizes Rupee’s Strength Instead
Members of the BRICS alliance are meeting at a summit in Johannesburg, South Africa, in August, focusing attention…
Expert Claims Proposed BRICS Common Currency Poised to Undermine US Dollar Dominance
A recent report from China’s Global Times reveals that Zhou Yu, an international finance research director at the…
Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says
Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be…
Argentine Foreign Minister Says a Latin American Common Currency Would Relieve Argentina’s Stress on the Dollar Issue
Argentine Foreign Minister Santiago Cafiero referred to the advantages the issuance of a Latin American common currency would…
BRICS to Promote National Currencies Before Issuing Common One
The BRICS bloc is now focused on expanding the use of the currencies of its members, according to…
East African Community to Decide on Regional Central Bank Launch in 2023
The East African Community (EAC) will decide during the course of the year 2023 when and where it…