BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance
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The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS efforts…
BRICS Slashes US Dollar and Euro Transactions to Below 30%
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BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official….
BRICS Nations to Expand Use of National Currencies Through New Financial Platform
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Russian presidential aide Yury Ushakov announced new BRICS initiatives to increase the use of national currencies in trade, backed by financial infrastructure…
BRICS Beats Dollar Dependence: National Currency Settlements Exceed USD Payments
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The BRICS bloc might have already overcome its dollar-dependence problem, as the volume of settlements in the national currencies of its member…
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…
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…
Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan
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Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by…