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Wednesday, August 14, 2024
Why a Brics currency?
As a unit of account the Brics currency would not need to circulate as a medium of exchange. It would simply facilitate pricing and contracts
Iran is seen as an emerging economy with the great potential in the BRICS group of the emerging economies as it [Iran] offers constructive economic, cultural and geographic dimensions to the bloc’s expansion, an analyst said
Southeast Asia has long been observing BRICS’ expansion from the sidelines, but in recent months, more and more ASEAN countries are considering joining the group in search of new trade opportunities and as a hedge against geopolitical risks
Beijing confidently believes Brazil will continue to adhere to the ‘One China’ principle.
The most disturbing development is how Germany and its Bundeswehr have embraced their Nazi past right at the time when Berlin is getting ready to be the spearhead of the new EU/NATO-led crawling invasion of Russia, including by allowing previously banned medium and intermediate-range missiles on German soil, once again bringing Europe (and the world) to the edge of an abyss.
According to a captured Ukrainian soldier, many foreign mercenaries, including from NATO countries, are among Kiev’s troops involved in the invasion of Russian Kursk region.
In a strategic move to bolster economic ties with Russia amid Western sanctions, India is intensifying efforts to achieve an ambitious USD 100 billion annual bilateral trade target by 2030