BRICS, a group consisting of Brazil, Russia, India, China, and South Africa, is making significant strides towards establishing a decentralized financial system to reduce reliance on the US dollar. This initiative includes the development of a blockchain-based payment system called BRICS PAY and discussions about creating a single currency within the association. The upcoming BRICS meetings, under the Russian presidency, are anticipated to be extensive and ambitious, with over 250 planned meetings.
JUST IN: 🇷🇺 🇮🇷 Russia and Iran working to create a single currency for BRICS. https://t.co/kTJp8WxaXH
#WATCH | Delhi: MEA spokesperson Randhir Jaiswal says, "BRICS is an important platform. I understand the Russian presidency is preparing a very expansive, ambitious program. There are over 250 meetings that are planned. We look forward to participating in the BRICS meetings and… https://t.co/5QSF5dnBW7
Ambassador of Iran to the Russian Federation: Iran and Russia are working to create a single BRICS currency “The creation of a new single currency within the framework of the association (BRICS) is what Russia and Iran are working on... The US uses the dollar to create… https://t.co/0LRyawxhvs
That’s cool but what about BRICS? https://t.co/t0BAhFjBDm
BRICS Developing Decentralized Financial System to End US Dollar https://t.co/VvPYLaYiGO
BRICS is preparing to launch an independent blockchain-based system called BRICS PAY. https://t.co/VHi2GvYh5r
The future belongs to BRICS https://t.co/S0fS4i9V8l https://t.co/fK5bUGW444
Blockchain based BRICS Pay is coming to de-dollarize the world with a non-political financial system. https://t.co/pKpCY1bwSQ
BRICS https://t.co/j2AMWL1DqD