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BRICS Pay

BRICS Pay Transforming Global Trade with Local Currencies

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The initiative known as BRICS Pay is a significant step toward creating an alternative payment system for the BRICS nations—Brazil, Russia, India, China, and South Africa. This initiative seeks to enable these countries to trade directly in their own currencies, bypassing the U.S. dollar and the SWIFT network. As geopolitical tensions rise and economic sanctions … Read more

IMF Chief Requests Clarity on BRICS Payments System Initiative

IMF Chief Requests Clarity on BRICS Payments System Initiative

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The International Monetary Fund (IMF) is seeking more information regarding the BRICS payments system initiative. This request comes as the BRICS group, which includes Brazil, Russia, India, China, and South Africa, aims to bolster cross-border transactions without relying on the U.S. dollar. The initiative was discussed during a recent summit in Kazan, Russia, held concurrently … Read more