1 / 7 Relevant items tagged with #Brics

Posts: 206

Posts

UAE to Boost Global South Growth Through BRICS Membership

[Sep 5 8:30 AM] The United Arab Emirates (UAE) is committed to supporting the economic development of the Global South through its membership in the BRICS group, according to Younis Haji Al Khoori, Under-Secretary of the Ministry of Finance. The UAE aims to foster…

Turkey Seeks to Join BRICS to Strengthen Global Influence

[Sep 3 10:30 PM] Turkey has reportedly formally requested to join the BRICS economic bloc to expand its global influence and establish new alliances beyond its traditional Western partners. Turkish President Recep Tayyip Erdogan’s administration views the…

Payments in National Currencies Surge to 92% Among SCO Members

[Sep 1 2:30 AM] Payments in national currencies among Shanghai Cooperation Organization (SCO) members have reportedly increased from 40% in 2022 to 92%, signaling a move away from reliance on the U.S. dollar. Similar to the BRICS economic bloc, the SCO, which…

Former Russian PM: BRICS Not Ready for Common Currency

[Aug 27 3:30 AM] Sergey Stepashin, Russia’s former prime minister, explained that it’s premature to discuss a common BRICS currency, emphasizing the importance of increasing payments in national currencies instead. He cited challenges in creating a common…

Iran Backs Russia on BRICS Single Currency Initiative

[Aug 3 5:30 AM] Iran plans to support Russia’s initiatives on creating a BRICS single currency and expanding national currency payments within the bloc, according to Iran’s Ambassador to Moscow, Kazem Jalali. The BRICS nations (Brazil, Russia, India, China, and…

India Favors BRICS Payment System, Says Institute Director

[Jul 22 9:30 PM] India supports the idea of an independent BRICS payments system but stresses the importance of a cautious and systematic approach. According to Ash Narain Roy, Director of India’s Institute of Social Sciences, thorough discussions among all…

Putin Envisions Official BRICS Parliamentary Organization

[Jul 13 8:30 PM] Russian President Vladimir Putin believes that the BRICS economic bloc will have its own official parliamentary organization in the future. Speaking at the 10th BRICS Parliamentary Forum, Putin emphasized the importance of parliaments in promoting…

Iran Proposes to Link All BRICS Payment Systems

[Jul 9 2:20 PM] The spokesperson for the Ministry of Foreign Affairs of the Islamic Republic of Iran Nasser Kanani has proposed to link the payment systems of all the countries of the BRICS bloc, allowing for seamless settlements between these. Kanani stated that…

BRICS Meeting Highlights Shift to Local Currencies

[Jun 11 3:13 PM] BRICS Ministers of Foreign Affairs have emphasized using local currencies in trade, reaffirming economic resilience and financial sovereignty. At their meeting on Monday, the Ministers underscored the importance of the enhanced use of local…