BRICS’ Bold Move. From Local Currencies to a Unified BRICS Currency: Redefining Global Trade and Challenging the Dollar.

Key Points on BRICS De-Dollarization Efforts and CIS Trade Developments

1. BRICS and CIS Trade in Local Currencies:

Russian President Vladimir Putin announced that 85% of trade within the Commonwealth of Independent States (CIS) is now settled in local currencies, minimizing the use of the US dollar. This shift aims to increase financial autonomy among developing countries.

Although Russia is the only BRICS member within the CIS, it is actively promoting de-dollarization among neighboring countries, encouraging the use of national BRICS’ Bold Move.

From Local Currencies to a Unified BRICS Currency:

Redefining Global Trade and Challenging the Dollar. in trade agreements.

2. BRICS’ Strategic Moves Against the Dollar:
At the 16th BRICS summit in Kazan, the alliance revealed a mock-up of a proposed BRICS currency, sometimes referred to as a "BRICS bill." This potential new currency is seen as a significant step towards challenging the US dollar’s status as the global reserve currency.

BRICS also expanded by adding 13 partner countries, though these are not full members, they are expected to increase trade and financial interactions within the BRICS framework, further reducing reliance on the US dollar.

3. Implications of De-Dollarization for the US Economy:
The shift away from the dollar poses risks for the US economy. A decrease in dollar demand could lead to economic deficits, inflation, and increased import costs for daily essentials in the United States. The dollar's reduced role internationally could destabilize the US economy, potentially leading to job losses and economic strain.

BRICS, alongside CIS nations, is accelerating this trend by encouraging other nations to adopt local currency-based transactions, creating a growing coalition for de-dollarization.

4. Strengthening Financial Sovereignty in BRICS and CIS:
Putin noted that BRICS and CIS members are not only de-dollarizing but also advancing technological sovereignty, making strides toward reducing reliance on Western imports and intellectual property.

This approach is part of a broader strategy to insulate BRICS economies from Western sanctions, fostering self-sufficiency and stability through independent financial and technological frameworks.

5. Potential Global Impact of a BRICS Currency:
If a BRICS currency is fully launched, it could significantly alter global financial dynamics by creating a new reserve currency that challenges the dollar and euro. This currency, facilitated by BRICS Pay, is designed to be used for international transactions within and beyond BRICS economies, gradually decreasing global dependence on the US dollar.

6. Conclusion:
BRICS is clearly positioning itself as a serious challenger to Western financial dominance. The strategic push to establish a BRICS currency, expand partnerships, and reduce dollar dependency represents a shift in global economic power.

Comments

Ceasefires, Fireworks, and the Fine Art of Calling Ashes “Peace”

There is something almost poetic about declaring victory while the smoke is still rising. Not poetic in the romantic sense—more in the way a press release can be mistaken for reality if repeated often enough. So here we are. Another “ceasefire.” Another “agreement.” Another feather in the ever-expanding, never-examined peacemaking cap of Donald Trump . Israel–Iran. Israel–Hezbollah. Israel–Hamas. One could be forgiven for thinking peace has broken out everywhere—if peace meant pauses between airstrikes . The Theater of Victory On cue, Benjamin Netanyahu steps forward, flanked by ministers who speak the language of triumph as if it were immune to contradiction. “Iran weakened.” “Hezbollah contained.” “Total victory.” It all sounds remarkably similar to past declarations—just before the next round of fighting. Because here’s the inconvenient detail buried beneath the applause: none of the stated objectives were actually achieved. Iran still has its missiles. Hezboll...

🎭 War for Profit, Peace for Press Conferences

A theater where missiles fall faster than truth There is something almost poetic about modern war. Not tragic-poetic. No— corporate-poetic . The kind where bombs fall… stocks rise… and press briefings sound like quarterly earnings calls. 💼 The Rumor That Refuses to Die So here we are. A war explodes between the United States, Israel, and Iran. And just days before it— a broker linked to Pete Hegseth reportedly explores investing millions into defense companies. Weapons manufacturers. Defense ETFs. The business of destruction—neatly bundled and ready for growth. The Pentagon says: “Fabricated.” Investigations say: “Let’s take a closer look.” And the public says: “Wait… haven’t we seen this movie before?” And then, from nearly a century ago, a voice cuts through the noise—clear, cold, and disturbingly relevant: “War is a racket. It always has been.” —Smedley Darlington Butler 💣 Meanwhile, Back in Reality… While officials debate “fabricati...

The Endurance War: When Pain Becomes Strategy

There are wars fought with missiles. There are wars fought with money. And then there are wars like this one— where the real battlefield is human endurance , and the real weapon is pain tolerance . The blockade of the Strait of Hormuz is being presented as a masterstroke by —a clean, calculated move to choke Iran’s economic lifeline. But beneath the polished language of “strategic pressure” lies a far simpler, far more uncomfortable truth: This is not a test of power. It is a test of who can suffer longer. And in that contest, Washington may have chosen the wrong opponent. The Fantasy of Economic Collapse The theory is elegant: Strangle oil exports Collapse revenue Trigger unrest Force surrender It is also, historically speaking, remarkably ineffective . A major study by RAND Corporation on coercive economic strategies concluded that: “ Economic sanctions alone rarely achieve major political objectives, particularly against regimes with strong internal sec...

Israel's War Without Strategy: The Biography of a Failure Repeating Itself

There are wars fought for survival. There are wars fought for power. And then there are wars fought to avoid answering a question. Israel today appears to be fighting the third kind. October 7: The Disaster That Required Questions — And Got None On October 07, atteck , the unthinkable happened. Not just a breach. A collapse. The kind that doesn’t happen because of one missed signal—but because an entire system stops asking the right questions. So naturally, the next step should have been: 👉 A ruthless, transparent, national inquiry 👉 Political accountability at the highest level 👉 Institutional introspection Instead, the system chose a far more innovative response: Move on. Quickly. Loudly. Violently. Because nothing says “we’re learning” like launching a war before finishing the autopsy. And Then… The Same Movie Played Again Fast forward. Hezbollah was declared “finished,” “on its knees,” “neutralized.” Victory speeches were practically warming up in the...

🎭 The Theater of War: Where Jets Fall… and Logic Disappears

There is something almost magical about modern warfare. Not technological. Not strategic. Magical. Because apparently, in this new era of “precision conflict,” reality itself bends—radars go blind, enemies vanish, and entire rescue operations unfold like a perfectly choreographed Netflix special. Welcome to the latest production by The New York Times: “ A Harrowing Race Against Time to Find a Downed U.S. Airman in Iran.” Harrowing? Yes. Race against time? Sure. But also— a story where physics, military doctrine, and basic logic quietly exit the stage. 🚨 Act I: The Jet That Was “Too Advanced” to Be Shot Down Let’s begin with the uncomfortable opening scene. An American F-15E Strike Eagle—a symbol of air superiority—gets shot down. Not by accident. Not by friendly fire. By Iran. Yes, the same Iran that we are constantly told is: technologically behind militarily constrained barely holding together And yet: 👉 It tracks 👉 Targets 👉 And successfully downs ...

Ainnbeen

Search This Blog