How realistic is a separate BRICS currency? — RT DE

The BRICS association, which consists of Brazil, Russia, India, China and South Africa, is one of the most important international structures. As a counterpoint to the Western-dominated world order, it wants to create a more just, multipolar world. With its own currency, the group of states is now striving to change the US-dominated world financial […]

BRICS countries working on global reserve currency — RT EN

According to Vladimir Putin, Brazil, Russia, India, China and South Africa are working on a new reserve currency based on a basket of the participating countries’ national currencies. This currency could represent an alternative to the International Monetary Fund’s (IMF) Special Drawing Right (SDR). Russian President Vladimir Putin said on Wednesday that the BRICS countries […]

Iran proposes common currency at Shanghai Cooperation Organization — RT EN

Tehran wants to further promote trade relations between the member states of the Shanghai Cooperation Organization. Iran only joined the international organization as a full member last year. Iran’s Deputy Foreign Minister Mehdi Safari has said his country has proposed to members of the Shanghai Cooperation Organization (SCO) that a new single currency be used […]

Russian ruble best currency in the world — RT DE

May 12, 2022 2:04 p.m The ruble has become the best-performing currency in the world year-to-date, overtaking the Brazilian real in the rankings, according to a Bloomberg report. The reason for this is the controls on capital transactions imposed by the Russian central bank. Source: Gettyimages.ru © picture alliance Despite geopolitical uncertainty and high economic […]

Commodity trading and currency — RT DE

28 mar 2022 5:14 p.m As of today, it is clear that the energy and economy ministers of the G7 will refuse to pay for Russian gas supplies in rubles. The consequences are unclear. President Vladimir Putin announced last Wednesday that Russia would meet its contractual obligations in terms of volume and prices. The changes […]

Central Bank of Honduras explores options to issue its own digital currency — RT EN

24 mar 2022 8:42 p.m More and more governments around the world are becoming aware of cryptocurrencies. Some states are skeptical about them, while others are exploring ways to launch their own digital currencies. The central bank of the Republic of Honduras is now following this path. On March 23, the Central Bank of the […]