Latest topics
» Area 51: Illusion vs. Reality. Richard Dolan
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 9:37 pm by PurpleSkyz

» POOPness for FEB 16: FIGHT THE VIRUS
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 8:41 pm by PurpleSkyz

» Drone Captures One of the Largest Swarms of Sea Turtles Ever Filmed
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 3:56 pm by PurpleSkyz

» Assange’s Extradition Case: A Critical Moment for the Anti-War Movement
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 3:52 pm by PurpleSkyz

» SETI to hunt for alien 'technosignatures'
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 3:47 pm by PurpleSkyz

» Apollo 10 ⁓ "Crystal Castle" Floating Above Moon?
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 11:24 am by PurpleSkyz

» Study shows Deepwater Horizon oil spread much further than previously known
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 11:19 am by PurpleSkyz

» Amazing short film explores the afterlife and our place in universal consciousness
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 11:15 am by PurpleSkyz

» Leaked files expose Pentagon's UFO program
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 10:57 am by PurpleSkyz

» COVID-19: Coronavirus continues its race across the globe
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 10:55 am by PurpleSkyz

» NIBIRU News ~ Today, it's here it's huge we are seeing planet x nibiru everyday plus MORE
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 10:23 am by PurpleSkyz

» Antarctica SHRINKS as SUPER-SIZED Berg Cracks off of Coast! 20 Miles Long!
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 10:19 am by PurpleSkyz

» What's Going On? Betelgeuse Isn't Just Dimming, It's Also Changing Shape
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 10:18 am by PurpleSkyz

» UFO News ~ Massive greenish UFOs flying through space plus MORE
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptyYesterday at 10:16 am by PurpleSkyz

» 8 Most Incredible Archaeological Finds
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system EmptySat Feb 15, 2020 10:58 am by PurpleSkyz





***********

CLICK THE SUBSCRIBE BUTTON BELOW TO RECEIVE OUR DAILY NEWSLETTER

A 2ND EMAIL COMPLETES THE ACTIVATION PROCESS




CLICK THE PURPLE BUTTON TO VIEW OUR LATEST POSTS







You are not connected. Please login or register

OUT OF MIND » THE INSANITY OF REALITY » GLOBAL FINANCIAL COLLAPSE » Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system

Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system

Go down  Message [Page 1 of 1]

PurpleSkyz

PurpleSkyz
Admin

Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system

Posted by Lou on November 14, 2019


Source
http://www.rt.com/busines
14 Nov, 2019
Phasing out the dollar: BRICS countries setting up own payment network to cut dependence on Western financial system 5dcd430c20302761ff46a333
Russian rubles © Pixabay.com
In past five years, Russia has almost halved its foreign trade payments in US currency, from 92 to 50 percent, said the CEO of Russian Direct Investment Fund (RDIF) and member of the BRICS Business Council Kirill Dmitriev.
Talking to RT on the sidelines of the BRICS Summit in Brazil, Dmitriev said that payments in ruble increased from 3 to 14 percent over the period.
The five major emerging economies – Brazil, Russia, India, China, and South Africa – are currently developing a joint new payment system.
ALSO ON RT.COMPutin calls on BRICS nations to increase use of national currencies in trade
“An efficient BRICS payment system can encourage payments in national currencies and ensure sustainable payments and investments among our countries, which make up over 20 percent of the global inflow of foreign direct investment,” Dmitriev said.
He explained that developing the national segments of payment systems and their sustainable integration are the “key drivers of the economic partnership among the BRICS countries, given the increasing non-market risks of the global payment infrastructure.”
ALSO ON RT.COMRussia, China & India to set up alternative to SWIFT payment system to connect 3 billion people
The potential use of a single cryptocurrency for payments among BRICS member-countries is also expected to be discussed during the forum. Such payments will be conducted via the BRICS payment system, Dmitriev said, adding “The joint funds established with RDIF’s assistance for investments made in national currencies and technology development can serve as the foundation for that.”
RDIF is the Chair of the BRICS Business Council’s Financial Services Working Group.

Thanks to Lou at: https://talesfromtheloublog.wordpress.com



  

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum