| Source

At a meeting Tuesday in Russia, BRICS announced that it is in the final stages of its de-dollarization mission. According to BRICS representatives at the meeting, their new payment system was confirmed, and it will become a competitor for the current global reserve US dollar.


Economic ministers of leading BRICS member countries have announced that they are in the final stages of completing complete de-dollarization. The bloc’s goal is for its multipolar international monetary system to mark the end of the US dollar as the sole global reserve currency. A new payment system has been rumored and discussed for a significant time, but now the BRICS alliance has officially confirmed its development and first target: the US Dollar.

The BRICS economic alliance has sought to challenge the global economic status quo for the last two years. The bloc has sought increased resistance from the Western-dominated financial order. Those efforts have come in the form of increased de-dollarization practices and the promotion of the bloc’s own local currencies.

Furthermore, the BRICS alliance initiated this two-day meeting with 20 countries in attendance to discuss expansion and economic cooperation. Foreign Ministers of countries belonging to the bloc are currently in the Russian city of Nizhny Novgorod. Topics at hand included the upcoming expansion of the BRICS+, de-dollarization efforts, and building further economic and trade relations with one another. Now, its work in developing its BRICS currency has also been discussed.

BRICS aims to cut ties with the US dollar and use local currencies for all cross-border transactions among member nations. The move is attracting other developing countries to join BRICS in 2024. The idea of ditching the US Dollar for local currencies and a new global reserve has become more popular. The alliance’s gold-backed currency concept and CBDCs are considered worthy alternatives.

E-mail me when people leave their comments –

You need to be a member of Ashtar Command - Spiritual Community to add comments!

Join Ashtar Command - Spiritual Community

Copyright Policy: Always Include 30-50% of the source material and a link to the original article. You may not post, modify, distribute, or reproduce in any way any copyrighted material, trademarks, or other proprietary information belonging to others without obtaining the prior written consent of the owner of such proprietary rights. If you believe that someone's work has been copied and posted on Ashtar Command in a way that constitutes copyright infringement, please Contact Us and include the links to these pages and relevant info. 

Latest Activity

Justin89636 left a comment on Comment Wall
"Now that creepy Joe is leaving I wonder when we see the wicked witch Hillary and the man beast Big Mike come into focus. I'm dying to see Trump expose the Obama's and then Hillary again. It's gonna be a lot of fun seeing all this exposure happening."
6 minutes ago
ET Hugger left a comment on Comment Wall
"🇺🇸 Trump: “When I get back into the Oval Office we will totally obliterate the deep state.” ✨🗽✨"
19 minutes ago
Drekx Omega commented on Drekx Omega's blog post Patriots Await The Plan's Final Phase - Justice & Retributions
"CBS News are worried about the "conspiracy theory" making the rounds, that there was a second shooter, located at the water tower, involved in the Trump assassination plot....It's making the rounds now and causing panic among mainstream media…"
30 minutes ago
Drekx Omega left a comment on Comment Wall
1 hour ago
Drekx Omega left a comment on Comment Wall
"Thank God he left the race, finally....LOL

1 hour ago
Agarther Z left a comment on Comment Wall
2 hours ago
Drekx Omega left a comment on Music for your soul.
"😉What a fantastic bass guitarist....You've just gotta listen to this Japanese funk band:
Feelin' The Beat (feat. Yuuko) · Nickee B · Yuuko, 808, Love & Linn, ℗ 2024 Nacer Aroua, Released on: 2024-06-08👏🏻🌞…"
4 hours ago
Drekx Omega left a comment on Comment Wall
"Nigel Farage was asked, in a recent interview, if he believes that God saved Donald Trump's life.....I rather enjoy his answers and you may too.....

And of course, peace is the better policy, than WW3...…"
6 hours ago