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Latam Insights Encore: A BRICS Currency Is Coming, Sooner or Later
8.7.2025
Even with the opposition of the Trump Administration, the issuance of a BRICS currency, even if it is used only for trade purposes, seems unavoidable as the bloc continues to grow to become a world power rivaling the Group of Seven (G7). Latam Insights Encore: A BRICS Currency Is Unavoidable While...
Latam Insights: Brazil Floats BRICS Currency, Tether Pushes Green Bitcoin Mining
7.7.2025
Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this week’s edition, Brazil proposes the issuance of a new BRICS trade currency, Tether pushes a green bitcoin mining initiative, and the Central Bank of Brazil faces a hack....
Brazil’s Ambassador to India Addresses BRICS Currency Speculation
7.7.2025
BRICS is accelerating plans to ditch the dollar in favor of national currencies, as Brazil’s Ambassador to India clarifies direction on a unified currency and signals sweeping financial shifts. Senior Brazilian Diplomat Addresses BRICS Currency Outlook Ahead of 2025 Summit Growing momentum among...
Brazilian President Lula Proposes BRICS Develop New Trade Currency
6.7.2025
Lula proposed this new BRICS currency in the context of a world that must embrace free trade and multilateralism. The Brazilian leader acknowledged that the proposal presents several challenges but emphasized that it is necessary for the benefit of humanity. Lula: Development of New BRICS Trade...
Dedollarization Accelerates: Russian Official Details BRICS Currency Shift
30.4.2025
BRICS is surging ahead with unstoppable momentum, rapidly abandoning the U.S. dollar, building resilient payment systems, and forging a historic new economic frontier beyond Western control. Lavrov Confirms BRICS Ditching US Dollar Fast Russian Foreign Minister Sergey Lavrov has highlighted...
BRICS Expands Currency Independence Plan as Brazil Champions Dollar-Free Deals
3.4.2025
Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Support for Shift Brazil’s Finance Ministry...
Expert Discusses BRICS Currency Push—Is Gold-Backed System the Ultimate Solution?
20.2.2025
Momentum for a BRICS currency is building, with gold-backed alternatives and trade strategies gaining traction, but challenges to dethroning the dollar remain. BRICS Currency and Dedollarization—Expert Exposes the Hard Truth Behind the Hype Momentum is building for a BRICS common currency as...
Brazil Ditches BRICS Currency Plan, Favors Trade in National Currencies
17.2.2025
Brazil has reportedly decided against pursuing a common currency for the BRICS nations during its presidency this year. Instead, the focus will be on facilitating trade in local currencies, a move that’s been met with warnings from U.S. President Donald Trump about challenging the U.S....
Iran Backs Unified BRICS Currency—With a Focus on National Interests
5.2.2025
Iran supports a unified BRICS currency if all members agree, signaling a shift toward economic cooperation as the bloc explores alternatives to reliance on the U.S. dollar. Iran Supports Unified BRICS Currency Amid Global Tensions Iran has expressed willingness to support the creation of a unified...
BRICS Currency Plans? Russia Says Investment Comes First
3.2.2025
BRICS is focusing on investment partnerships over currency unification, Russian officials indicated, as discussions around reducing reliance on the U.S. dollar continue amid global economic shifts. Russia Puts BRICS Currency Speculation to Rest—Here’s the Bloc’s Real Financial Agenda Russian...
BRICS Currency Plan Closely Monitored by US, Says Indian Expert
27.1.2025
The U.S. is closely monitoring BRICS currency talks, an Indian expert says, as the bloc advances efforts to reduce dollar reliance and boost financial sovereignty. US Monitoring BRICS Currency Talks, Says Indian Expert The ongoing push within BRICS to explore dedollarization and introduce...
Trump’s 100% Tariff Threat: South Africa Denies BRICS Currency Plan
2.12.2024
South Africa has denied reports that the Brazil, Russia, India, China and South Africa (BRICS) economic bloc is planning to create its own currency. Trump Demands BRICS Nations Shun Alternative Currencies Rattled by U.S. President-elect Donald Trump’s 100% tariff threat, South Africa has dismissed...
Putin Discusses BRICS Currency and Swift Alternative
21.10.2024
Russian President Vladimir Putin has emphasized the need for independent financial systems within BRICS, focusing on developing an alternative to Swift. He addressed the idea of a shared BRICS currency but urged caution, noting that it’s not yet fully developed. His remarks hinted at careful...
Former Russian PM: BRICS Not Ready for Common Currency
27.8.2024
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 currency, particularly between large economies like...
Iran Backs Russia on BRICS Single Currency Initiative
3.8.2024
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 South Africa) are exploring the creation of a...
Russia and Iran Collaborating on Single BRICS Currency, Iranian Ambassador Says
19.5.2024
Russia and Iran are collaborating on creating a single BRICS currency, the Iranian ambassador to Russia has claimed. He noted that over 60% of the two nations’ bilateral trade is conducted in Russian rubles and rials, reflecting a shift away from the U.S. dollar. Russia-Iran Trade Flourishes...
Latam Insights: Brazil’s Lula Pushes for BRICS Currency; Binance Drops Card Programs
28.8.2023
Welcome to Latam Insights, a compendium of Latin America’s most relevant crypto and economic news during the last week. In this issue: Brazil’s President Luiz Inacio Lula Da Silva pushes to issue a BRICS common currency, Binance drops card services, and Argentina gets invited to be part...
Russian Foreign Minister Sergey Lavrov: BRICS Is Focused on Reducing Dependence on US-Controlled System
26.8.2023
Russian Foreign Minister Sergey Lavrov has declared that the actions of the BRICS bloc, integrated by Brazil, Russia, India, China, and South Africa, are focused on reducing dependency on the economic system managed by the U.S. and its Western allies. He denied a possible unified currency for...
South African Official: Common Currency Requires Central Bank, Threatens Monetary Policy Independence
26.8.2023
South Africa’s minister of finance has explained why he believes that no country is ready for a common currency, including a unified BRICS currency. “Setting up a common currency presupposes setting up a central bank, and that presupposes losing independence on monetary policies, and I don’t think...
Brazil’s President Says BRICS Not Seeking to Counter US, G7, or G20 — Pushes for BRICS Currency
24.8.2023
Brazil’s President Luiz Inacio Lula da Silva has stated that the BRICS economic bloc does not want to be “a counterpoint to the G7, G20, or the United States,” emphasizing that the BRICS nations “just want to organize ourselves.” The Brazilian leader also pushed for “the creation of...