BRICS Currency Plans? Russia Says Investment Comes First
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BRICS is focusing on investment partnerships over currency unification, Russian officials indicated, as discussions around reducing reliance on the U.S. dollar continue…
Putin Reveals Over 85% of CIS Trade Now in National Currencies
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Russian President Vladimir Putin announced that more than 85% of trade within the Commonwealth of Independent States (CIS) is now conducted in…
UBS Warns of Further US Dollar Decline, Advises Investors to Reduce USD holdings
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Financial giant UBS expects the U.S. dollar to continue to depreciate, advising investors to reevaluate their portfolios. The bank predicts a medium-term…
Turkey Scraps Planned Crypto Tax, Targets Economic Reforms
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Turkey has decided not to move forward with a new tax targeting stock market and cryptocurrency gains, according to Vice President Cevdet…
China and Russia Push for Increased Local Currency Use in Trade, Deepen BRICS Cooperation
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China and Russia solidified their cooperation in currency, finance, and within the BRICS framework following a meeting between Chinese Premier Li Qiang…
Iran Backs Russia on BRICS Single Currency Initiative
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Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to…
US Senator Highlights Bitcoin as Currency Unaffected by Widespread Cyber Outages
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U.S. Senator Cynthia Lummis has emphasized bitcoin’s resilience as a form of currency unaffected by widespread cyber outages. Her remarks followed major…