BRIC Currency is not on table

[k1976]

BRICS Currency Was Never On Table, South African Finance Chief Says​

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BRICS Invite Saudi, Iran, 4 Other Nations to Join Bloc


Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South Africa’s finance minister said.

“No one has tabled the issue of a BRICS currency, not even in informal meetings,” Enoch Godongwana said in an interview on the sidelines of the bloc’s annual summit in Johannesburg on Thursday. “Setting up a common currency presupposes setting up a central bank, and that presupposes loosing independence on monetary policies, and I don’t think any country is ready

 

[k1976]

https://www.google.com.sg/amp/s/www...ar-itll-be-an-uphill-climb-experts-say?espv=1

 

[k1976]

Can BRICS dethrone the US dollar? It’ll be an uphill climb, experts say​

The world’s reserve currency is facing a challenge from Global South countries who want options beyond the greenback.

China is among a number of developing countries looking to challenge the dominance of the US dollar [File: Athit Perawongmetha/Reuters]
By Sumayya Ismail
Published On 24 Aug 202324 Aug 2023



Johannesburg, South Africa – For 80 years, the United States dollar has dominated all other currencies. But a grouping of developing countries tired of the West’s looming presence over global governance and finance is determined to take it down a peg.

The process of de-dollarisation is “irreversible” and “gaining pace”, Russian President Vladimir Putin said on Tuesday in a virtual address to the BRICS summit in Johannesburg, where the leaders of Brazil, India, China and South Africa are gathered for three days.

The dollar has been the world’s principal reserve currency since the end of World War II, and is estimated to be used in more than 80 percent of international trade.

 

[k1976]

https://www.google.com.sg/amp/s/www...ith-mint/video/amp-11692958959258.html?espv=1

Tiongkok tio arm pao by Bengali?

https://www.google.com.sg/amp/s/www...ommon-currency/amp-11692613769335.html?espv=1

Cik SYED, why your people slam the door on Tan HuaTiu Big Boss dream?

 

[k1976]

How the BRICS nations failed to rebuild the global financial order​

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed up to the NDB has almost doubled since its founding, critics say that the BRICS bank is making many of the same mistakes as the institutions it was supposed to replace.

https://www.google.com.sg/amp/s/amp...-to-rebuild-the-global-financial-order?espv=1

 

[syed putra]

Cik SYED, why your people slam the door on Tan HuaTiu Big Boss dream?

Malays are not invited. How should i know

 

[tanwahtiu]

BRICS Currency Was Never On Table, South African Finance Chief Says​

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BRICS Invite Saudi, Iran, 4 Other Nations to Join Bloc


Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South Africa’s finance minister said.

“No one has tabled the issue of a BRICS currency, not even in informal meetings,” Enoch Godongwana said in an interview on the sidelines of the bloc’s annual summit in Johannesburg on Thursday. “Setting up a common currency presupposes setting up a central bank, and that presupposes loosing independence on monetary policies, and I don’t think any country is ready

Eh... BRICS cuurency by 1st Jan 2024.... this Summit was to meet to discuss it...

 

[k1976]

I tot u are Indian with Muslim faith?

 

[k1976]

Malays are not invited. How should i know

Dun get angry else u miss the big pic

 

[tanwahtiu]

How the BRICS nations failed to rebuild the global financial order​

At its launch almost a decade ago, the BRICS nations’ New Development Bank (NDB) was celebrated as a chance for countries across the Global South to break free of the US-dominated IMF and World Bank and rewrite the rules of financing global development. But while the number of nations signed up to the NDB has almost doubled since its founding, critics say that the BRICS bank is making many of the same mistakes as the institutions it was supposed to replace.

https://www.google.com.sg/amp/s/amp...-to-rebuild-the-global-financial-order?espv=1

China is an IT expert today better than US, banking goes digital and easier the start and manage... Now Saudi and the OPEC+ members are full BRICS members from 1st Jan 2024.... money is not a problem to them to fund the new NDB...

 

[syed putra]

Myr can easily be stregthened if they sell oil, gas, palm oil and timber in RM.

 

[duluxe]

Malays are not invited. How should i know

Malays are represented by saudi arabic, they consider themselves sub-tribe of arab.

 

[blackmondy]

It would be extremely naive and stupid to assume an illiterate fucker with zero economics knowledge like Winnie Xi can actually create a new financial order for the world.

 

[laksaboy]

Videos from the BRICS meeting in South Africa.

https://www.tiktok.com/@athigeleba


Winnie enjoying the welcome from African chiobus wearing Chinese costumes.

 

[tanwahtiu]

It would be extremely naive and stupid to assume an illiterate fucker with zero economics knowledge like Winnie Xi can actually create a new financial order for the world.

Mai gong lanjiao wei here.

 

[k1976]

Myr can easily be stregthened if they sell oil, gas, palm oil and timber in RM.

Problem ish their USD debt load and high interest rate environment.

 

[ftan42]

BRICA don't want to follow the steps of the Euro trying to overtake the USD and kenna hammered down

 

[nightsafari]

Malays are represented by saudi arabic, they consider themselves sub-tribe of arab.

And the arabs think Malays are dumb and unclean junglefolk barely above the level of animals. Useful idiots as Marx would say.

 

[Semaj2357]

Malays are not invited. How should i know

hanor, when all their newly-minted treasures are ensconced in those green / pink vaults atop two-wheeled mobile banks that also have liquid assets

 

[congo9]

Malays are represented by saudi arabic, they consider themselves sub-tribe of arab.

The Arabic is a descendant of Ishmael of the Bible. They have all the blessings promised by the father of Abraham.