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BRICS, SCO Align on Unified Payment System to Reduce Dollar Reliance

[Oct 29 3:30 AM] The Shanghai Cooperation Organization (SCO) is advancing talks on a unified payment system to increase national currency use, aligning with BRICS efforts to counter Western economic dominance. A New Era? SCO’s Talks on Unified Payment System…

China Strengthens Russia Partnership via BRICS and SCO Cooperation

[Oct 9 3:30 AM] China has reaffirmed its commitment to closer relations with Russia through major international platforms like BRICS and the Shanghai Cooperation Organization (SCO). At an event celebrating 75 years of diplomatic relations, State Councilor Shen…

Russia-China Trade Grows Despite Global Challenges, Putin Highlights

[Oct 2 8:30 AM] Russian President Vladimir Putin marked the 75th anniversary of the People’s Republic of China by praising the solid partnership between Russia and China. He emphasized the resilience of their economic relationship and increasing trade…

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…

Putin on Dedollarization: 80% of Russia-China Trade in Rubles and Yuan

[Jul 7 6:33 PM] Russian President Vladimir Putin highlights economic integration and dedollarization at the Shanghai Cooperation Organisation (SCO) Heads of State Council meeting, chaired by Indian Prime Minister Narendra Modi. “We are making wider use of…

Indian Analyst: World War III Already Started, BRICS Could Merge With SCO

[Aug 5, 2023 9:30 PM] The president of a New Delhi-based think tank believes that World War III has already begun. He also anticipates the BRICS economic bloc (Brazil, Russia, India, China, and South Africa) merging with the Shanghai Cooperation Organization (SCO)…

Economist Jim Rickards: ‘Biden Is Now a World Historic Figure — He Has Destroyed the Dollar’

[Jul 11, 2023 12:00 AM] Jim Rickards, economist and best-selling author, has accused the Biden administration of destroying the U.S. dollar as a reserve currency. Rickards stated that Biden is to blame for the upcoming marginalization of the U.S. dollar at the hands of a…

Putin Warns of Increased Financial Crisis Risk — Says Russia Is Being Subjected to Hybrid War

[Jul 6, 2023 11:30 PM] Russia’s President Vladimir Putin has warned of increased “risks of a new global economic and financial crisis against the backdrop of an uncontrolled debt accumulation by developed countries.” He added that Russia is “being subjected to a hybrid�

Xi Jinping, Vladimir Putin Push for Increased Settlements in National Currencies

[Jul 4, 2023 7:30 PM] Chinese President Xi Jinping and Russian President Vladimir Putin have pushed for the increased use of national currencies in mutual settlements as more countries shift away from the U.S. dollar. “I consider it essential to increase the share…

Russia Actively Shifting to Settlements in National Currencies, US Dollar Share Declining, Says Foreign Minister

[May 30, 2023 7:30 PM] Russia is actively shifting to settlements in national currencies with its partners, Foreign Minister Sergey Lavrov has affirmed. He expects the transition away from the U.S. dollar to only gain momentum. “This is true not only for Africa, but also…

Trade Bloc of Former Soviet States Ditches Dollar in 90% of Settlements

[May 27, 2023 2:00 PM] Trading within a Russia-led regional organization has effectively moved away from the U.S. dollar, according to the deputy head of the Russian government. The use of national currencies in the bloc’s transactions has reached around 90%, the…

EAEU Official Urges BRICS and SCO for Joint Use of Digital Currencies, New Payment Card

[May 27, 2023 1:30 AM] Three integration unions with Russian participation, BRICS, SCO, and the EAEU, should adopt joint policies on the use of digital currencies, according to a top representative of one of them. He also believes the international organizations should…

Putin Rejects Russian Economic Collapse Predictions — Highlights Active BRICS, SCO Cooperation

[May 25, 2023 7:30 PM] Russian President Vladimir Putin says Russia is actively cooperating with major international organizations, including the BRICS group, the Shanghai Cooperation Organization (SCO), the Association of Southeast Asian Nations (ASEAN), the Gulf…

BRICS, Eurasian Economic Union, SCO Members Plan to Discuss Forming an Extensive Alliance

[May 20, 2023 3:30 PM] In four days, representatives from the BRICS nations and the Eurasian Economic Union free trade group are set to convene to explore the possibility of integration with the Shanghai Cooperation Organization (SCO), as revealed by a recent…

Upgrade to Bring Bitcoin Cash Smart Contracts, Ted Cruz on BTC, Global De-Dollarization Efforts — Week in Review

[May 7, 2023 7:30 AM] Software developer Jason Dreyzehner says smart contracts “comparable to Ethereum,” but remarkably more efficient will be made possible by the May 15 upgrade coming to the Bitcoin Cash network. In other news, the world’s largest…

Push to Use National Currencies in SCO Cannot Be Stopped, Russia’s Lavrov Says

[May 6, 2023 7:30 AM] Efforts to transition to trade in national currencies in the Shanghai Cooperation Organization (SCO) can no longer be stopped, according to Russian Foreign Minister Sergey Lavrov. During a meeting with his colleagues in India, Moscow’s top diplomat…

World’s Largest Regional Organization to Switch to Settlements in National Currencies

[Apr 28, 2023 4:00 PM] A China-led regional organization that covers more than half of Eurasia intends to transition to settlements in the currencies of its members. While the plan is to abandon the U.S. dollar in mutual payments, participating nations are yet to…

Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner

[Apr 8, 2023 11:30 AM] China’s relationship with Saudi Arabia is growing as the country’s Cabinet has agreed to join the Shanghai Cooperation Organization (SCO). The diplomatic move made by the kingdom began with a memorandum of understanding in September…