Payments in National Currencies Surge to 92% Among SCO Members
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Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move…
Iran Escalates Crackdown on Illegal Crypto Mining Amid Severe Power Crisis
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Iran is aggressively cracking down on illegal cryptocurrency mining as the nation faces a severe power crisis exacerbated by an intense heatwave….
BRICS Countries Deem US Dollar Less Important in Global Trade, Says Indian Expert
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The vice chairman of the BRICS Chamber of Commerce and Industry, Sameep Shastri, has highlighted the economic bloc’s shift away from reliance…
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…
BRICS Considers Iran’s Proposal to Link Payment Systems of All Member Countries, Says Russian Official
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The BRICS economic bloc is considering Iran’s proposal to link all member nations’ payment systems, according to Russian Deputy Foreign Minister Andrey…
Russian Senate Leader Predicts Use of CBDCs in BRICS Payment System
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Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing…
Iran and Russia Sign Academic Cooperation Agreement to Dedollarize Economies
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Iran and Russia have taken a significant step towards economic cooperation by involving their academic institutions in efforts to dedollarize their economies….
Iran Officially Unveils Central Bank Digital Currency Project
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Iran officially unveiled its central bank digital currency (CBDC) on Sunday during a ceremony attended by Central Bank of Iran (CBI) Governor…
Russia and Iran Collaborating on Single BRICS Currency, Iranian Ambassador Says
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Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over…