Putin Discusses US Dollar Dominance and BRICS Common Currency

November 9, 2024 Bitcoin.com

bitcoin.com

Putin dismissed claims that Russia would abandon the U.S. dollar, downplayed BRICS currency ambitions, and emphasized the dollar’s global dominance. Putin’s Take on US Dollar: Why Russia Isn’t Turning Away Yet Russian President Vladimir Putin addressed speculation regarding Russia’s stance on the U.S. dollar during a speech at the Valdai Discussion Club in Sochi, clarifying […]

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Institutional Crypto Products See $2,200,000,000 in Weekly Flows Setting Year-to-Date Record: CoinShares

Putin Declares ‘The Time Has Come’ for BRICS to Build Its Own Financial Platform

October 30, 2024 Bitcoin.com

bitcoin.com

Russian President Vladimir Putin has emphasized that “the time has come” for BRICS nations to create an economic platform to unlock their growing economies’ potential. A New Era Begins? Putin Says It’s Time for a BRICS Investment Platform Russian President Vladimir Putin proposed establishing a dedicated BRICS economic platform to enhance investment among the group’s […]

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Iran Warns BRICS of ‘Big Threat’ From Western Payment Systems, Vows to End Dependence

October 24, 2024 Bitcoin.com

bitcoin.com

Iran has called for BRICS nations to reduce their reliance on Western financial systems, warning of the risks posed by such dependence. Addressing the BRICS summit in Russia, Iran’s president urged the bloc to explore alternative structures and strengthen institutions like the New Development Bank to support new members. He reaffirmed Iran’s commitment to reshaping […]

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Russia Pushes for New Precious Metals Platform to Reshape BRICS Trade

October 24, 2024 Bitcoin.com

Agriculture

Russia pushed for the creation of a BRICS platform to trade precious metals and diamonds at the BRICS Summit, criticizing excessive global trade regulations. President Vladimir Putin emphasized the need to bypass barriers that stifle the market. The summit also backed a BRICS Grain Exchange to ensure stable agricultural trade, highlighting efforts to boost cooperation […]

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Senator Claims BRICS Push to Ditch US Dollar Could Boost USD Global Dominance

October 24, 2024 Bitcoin.com

Bill Hagerty

U.S. Senator Bill Hagerty has warned of growing efforts by BRICS nations to bypass the U.S. dollar’s dominance but argued this could ultimately strengthen the status of the dollar as the world’s reserve currency. He emphasized the need for a regulatory framework to boost demand for U.S. treasuries and stablecoins, while his stablecoin legislation aims […]

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Putin Blasts US Sanctions, Reveals 95% of Russian Trade Now Dollar-Free

October 22, 2024 Bitcoin.com

bitcoin.com

Russian President Vladimir Putin criticized U.S. sanctions, noting that they are driving global economies away from the U.S. dollar and leading to a gradual decline in its use for international trade and reserves. He highlighted that Russia now conducts 95% of its foreign trade in national currencies due to these sanctions. Putin emphasized BRICS nations’ […]

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BRICS Unites 40 Nations at Leaders’ Summit — Russia Pushes for Global Partnerships

October 22, 2024 Bitcoin.com

bitcoin.com

Nearly 40 countries will participate in the BRICS Plus/Outreach session, expanding the reach of the 2024 BRICS Summit hosted by Russia. The summit will address cooperation in politics, security, and economics. A central focus will be the expansion of BRICS, potentially introducing a new “partner states” category, reflecting the group’s growing global influence. Key discussions […]

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Putin Discusses BRICS Currency and Swift Alternative

October 21, 2024 Bitcoin.com

bitcoin.com

Russian President Vladimir Putin has emphasized the need for independent financial systems within BRICS, focusing on developing an alternative to Swift. He addressed the idea of a shared BRICS currency but urged caution, noting that it’s not yet fully developed. His remarks hinted at careful, deliberate moves, with broader financial strategies still unfolding. Russian President […]

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Putin Reveals Over 85% of CIS Trade Now in National Currencies

October 9, 2024 Bitcoin.com

Armenia

Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in national currencies, highlighting a move toward greater financial independence. This development is part of broader efforts by CIS countries to reduce reliance on foreign economic systems, particularly imports, and to build resilient financial […]

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Putin: Russia Examining Digital Currencies for Independent Payments

September 28, 2024 Bitcoin.com

bitcoin.com

Vladimir Putin highlighted that Russia is examining the use of national digital currencies to implement an independent and supranational alternative payment system. However, he also outlined the intricacies of building such a platform, given the level of integration of major trading partners with the current financial system. Russian President Acknowledges Relevance of Digital Currencies for […]

Putin

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