Category: BRICS digital currency

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BRICS Bank Could Issue Digital Currency for the Economic Bloc, Analyst Says

August 21, 2023

A Trace Finance analyst has suggested that the BRICS nations could launch a single digital currency issued and regulated by the New Development Bank, also known as the BRICS Bank. He stressed that the U.S. is facing the biggest crisis in history. Many expect a common BRICS currency that would challenge the dominance of the…
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BRICS Nations Working on Creating New Currency to Be Discussed at Next Leaders Summit: Report

April 2, 2023

The BRICS nations are reportedly working on developing a new form of currency, which is expected to be discussed at the next BRICS leaders’ summit, according to a top Russian official. “The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other…
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