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Iran and Russia ditch dollar for national currencies in trade
Iran and Russia have switched to using their own currencies for trade, advancing the BRICS strategy to reduce the dollar's global dominance during sanctions.
Iran and Russia have decided to trade in their own currencies rather than the dollar, a change that reflects a broader strategy within the BRICS bloc to reduce global trade's reliance on the greenback.
Details of the Iran-Russia deal
The decision is part of the BRICS group’s focus on de-dollarization, a key initiative in its expansion plans. Iran and Russia’s moves to switch to local currencies in bilateral trade fit with the EU’s broader strategy.
Iran and Russia have decided to trade in their own currencies rather than the dollar, a change that reflects a broader strategy within the BRICS bloc to reduce global trade's reliance on the greenback.
Details of the Iran-Russia deal
The decision is part of the BRICS group’s focus on de-dollarization, a key initiative in its expansion plans. Iran and Russia’s moves to switch to local currencies in bilateral trade fit with the EU’s broader strategy.
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September life and death situation:
Fed cuts interest rates in September, world peace;
Raises interest rates in September, world war
The world pattern and economic situation ushered in a fateful node in September. The world situation is urging the Fed to make a choice, either raise interest rates or lower interest rates. There is no third choice.
Raise interest rates, the United States and the world stand on the opposite side, and must bear a series of policy measures made by countries around the world to raise interest rates.
Lower interest rates, the United States succumbs to pressure from countries around the world. Maintaining the status quo is equivalent to raising interest rates! Why is there no third choice? Because it has been confirmed that the BRICS payment system will be launched in October. If you don't make a choice, then everyone will make a choice for you.
For us, if the United States cuts interest rates, the pie will rise! Capital funds need a large pool that can bring returns. The interest rate cut means that the US dollar is weak, and everyone needs another way out to avoid this depreciation. Although it is just a market sentiment, doesn't this just fit the attributes of Bitcoin? You panic, I comfort you! The best of both worlds!!! $BTC #美联储何时降息？ #金砖国家
Fed cuts interest rates in September, world peace;
Raises interest rates in September, world war
The world pattern and economic situation ushered in a fateful node in September. The world situation is urging the Fed to make a choice, either raise interest rates or lower interest rates. There is no third choice.
Raise interest rates, the United States and the world stand on the opposite side, and must bear a series of policy measures made by countries around the world to raise interest rates.
Lower interest rates, the United States succumbs to pressure from countries around the world. Maintaining the status quo is equivalent to raising interest rates! Why is there no third choice? Because it has been confirmed that the BRICS payment system will be launched in October. If you don't make a choice, then everyone will make a choice for you.
For us, if the United States cuts interest rates, the pie will rise! Capital funds need a large pool that can bring returns. The interest rate cut means that the US dollar is weak, and everyone needs another way out to avoid this depreciation. Although it is just a market sentiment, doesn't this just fit the attributes of Bitcoin? You panic, I comfort you! The best of both worlds!!! $BTC #美联储何时降息？ #金砖国家
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Cryptocurrency evening summary
1. Harris's election spending exceeds Trump's. Her campaign has reserved more than $330 million for advertising before Election Day, but Harris is ahead in opinion polls and betting markets, while Trump has only reserved nearly $200 million. Trump's campaign strategy and voter support keep him ahead of the competition.
2. South Korea summoned the Russian ambassador to protest against#NorthKorea sending thousands of special forces to support Russia in the war in Ukraine, a move that was part of a secret agreement between Putin and Kim Jong-un but violated UN resolutions and sparked international outrage
2. South Korea summoned the Russian ambassador to protest against#NorthKorea sending thousands of special forces to support Russia in the war in Ukraine, a move that was part of a secret agreement between Putin and Kim Jong-un but violated UN resolutions and sparked international outrage
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Cryptocurrency Evening Summary
1. Hezbollah has once again launched a large number of missiles at the Israel Defense Forces' logistics center (located between Akka and Nahariya), striking every day.
2. Important: officially adding 13 new countries to the alliance as partner countries (informal members): Algeria || Belarus || Bolivia || Cuba || Indonesia || Kazakhstan || Malaysia || Nigeria || Thailand || Turkey || Uganda || Uzbekistan || Vietnam
3. An interesting thing: Chinese researchers have revived a pig that died an hour ago using an improved life support system and a healthy liver, claiming that the liver helps produce energy molecules and protects the brain from damage. One day, gene-edited pig livers may be used to extend the resuscitation time for human patients.
2. Important: officially adding 13 new countries to the alliance as partner countries (informal members): Algeria || Belarus || Bolivia || Cuba || Indonesia || Kazakhstan || Malaysia || Nigeria || Thailand || Turkey || Uganda || Uzbekistan || Vietnam
3. An interesting thing: Chinese researchers have revived a pig that died an hour ago using an improved life support system and a healthy liver, claiming that the liver helps produce energy molecules and protects the brain from damage. One day, gene-edited pig livers may be used to extend the resuscitation time for human patients.
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BRICS countries explore a new international payment order: BRICS Pay launch and the rise of digital currency
As the limitations of traditional financial models become increasingly prominent, the BRICS countries are actively exploring how to use cryptocurrency, an emerging tool, to build a new international payment order that is more diversified and decentralized.
Faced with the changing landscape of the global financial market, the BRICS countries (Brazil, Russia, India, China and South Africa) are seeking to introduce a new payment system to reduce their reliance on the Western-dominated SWIFT payment network. This move indicates that the BRICS countries are seeking greater autonomy and voice in the global financial system.
Faced with the changing landscape of the global financial market, the BRICS countries (Brazil, Russia, India, China and South Africa) are seeking to introduce a new payment system to reduce their reliance on the Western-dominated SWIFT payment network. This move indicates that the BRICS countries are seeking greater autonomy and voice in the global financial system.
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