Single BRICS Payment System
BRICS Payment System: What Experts Say About Possible Mechanisms, Functionality and Timelines for Its Creation
When could it emerge and what would it bring to the group’s countries? BRICS is…
Russian Foreign Minister Sergey Lavrov: countries outside BRICS to have access to group’s payment platforms
Non-BRICS member states will be able to get access to alternative payment platforms being developed…
How BRICS Strengthens Regional Digital Trade
The BRICS nations are constructing a fresh model for cross-border e-commerce. Through initiatives like the…
Oleg Preksin, Member Of BRICS Business Council: Creation Of New International Payment System Is Among The Priorities Of Association
Oleg Preksin is Deputy Chairman of the Board of the Russian Financial and Banking Union,…
Investment Opportunities Of The BRICS Countries
The BRICS group was established in 2006 by Brazil, Russia, India, and China, with South Africa joining in 2011. On 1 January 2024, Egypt, Iran, the UAE, Saudi Arabia, and Ethiopia joined the group. In the same year, Russia hosted the Kazan Summit, where these countries participated as full members for the first time. One of the main topics was the creation of a new BRICS investment platform using modern electronic tools. The Role of the NDB In Financing BRICS…
Creating Single BRICS Payment System On 2024 Summit Agenda, Says Ramaphosa
South African President Cyril Ramaphosa has said that creating a single payment system using the national currencies of the BRICS countries will be on the agenda of the 2024 summit in Kazan, Russia. The head of state remarked while addressing the National Council of Provinces (upper house of parliament) on October `13. “The BRICS group intends to further expand the use of member states’ national currencies in international trade. Finance ministers and Central Bank governors are now working on the…