brics

👏 Reminds to say : Imagine, if the #BRICS Countries did all trade in their own currencies.. They should already be doing that..! 🙂

India Calls Time on the Dollar: RBI Invites BRICS to Pay in Rupees

India has quietly opened a door that could chip away at dollar dominance. The RBI issued a circular letting banks open Vostro rupee accounts without prior central bank approval, so BRICS and other partners can now settle trade 100% in INR. In practice this means a foreign buyer can pay rupees held in a Vostro account instead of converting first into USD — cuts conversion costs, speeds settlement and nudges demand for the rupee.

The step follows recent U.S. tariffs and is framed as both a practical trade measure and a geopolitical signal. Banks must still enforce KYC, and liquidity, correspondent links and trust will determine how fast this catches on. If widely adopted, expect smoother rupee flows, more offshore INR liquidity and a gradual push toward rupee internationalisation — but not an overnight replacement of the dollar.

Source: IDN Financials / Daily Hodl (reported 15–16 Aug 2025).
#INR #RBI #BRICS #forex #CrossBorder

🌐💥 BRICS Pay Has Arrived – The “New International PIX”

BRICS Pay is emerging as a potential revolution in global trade, offering an alternative to the dollar-dominated system. Think Pix, but on a global scale. 🌍⚡

💡 Why It Matters:

Speeds up transactions between BRICS countries and partners

Reduces reliance on the US dollar

Cuts costs and overcomes current trade barriers

💰 Impact on Crypto:
This could unlock new integrations between digital currencies and traditional trade systems. Interoperability between payment networks and crypto may soon become a key factor in global finance.

🚀 Join the conversation: Can BRICS Pay truly change the game for international trade? Drop your thoughts below! 👇

#BRICS #BRICSPay #GlobalTradeWars #FinancialInnovation #CryptoIntegration

India’s RBI to the Dollar: “It’s Not You, It’s Me.” 💔💸

What Happened?
The Reserve Bank of India just slid a note under the BRICS door: “From now on, you can pay us directly in rupees—no need to invite the dollar to dinner.”

No more red tape for Vostro accounts. Foreign banks can open them, stock up on rupees, and even use them to buy Indian government bonds. Picture it like giving your neighbor the keys to your fridge: “Grab some biryani whenever you want.”

Market Impact (Decoded for Humans)
1️⃣ Rupee Demand Rises 📈
More trade in rupees = more countries needing INR. The currency is dressing up like it’s Diwali and stepping onto the forex dance floor.

2️⃣ Bond Markets Get New Admirers 📜
Global investors can now buy Indian bonds with rupees. Like NRI uncles suddenly cheering for the local cricket league.

3️⃣ Trade Gets Faster, Cheaper 🚚
No more messy dollar conversions. India and Russia can settle directly—like currencies swiping right on each other without a dollar-shaped catfish lurking.

4️⃣ Geopolitical Spice Alert 🌶️
With US tariffs hitting India, this move is India saying: “Fine, I’ll cook my own dinner and invite BRICS over instead.”

5️⃣ But Reality Check 🛑
The dollar is still the big boss. The rupee’s only just learning to dance without spilling chai on the floor.

⚠️ Limits Still Apply:

Liquidity and cross-border infra are weak spots.

INR volatility keeps cautious investors on the sidelines.

#India #RBI #BRICS #DeDollarization #Markets

🇮🇳 Rupee Goes Global! RBI Just Stunned the Dollar! 💸🌍
India just flipped the script. The RBI slid a note under BRICS’ door: “Trade with us in rupees—no dollar drama needed!” 📝✨
Foreign banks can now open rupee accounts, hold them, and even splurge on Indian government bonds. It’s like giving your neighbors the keys to your fridge and saying, “Help yourself to the biryani!” 🍛
🔥 Market Shockwaves:
1️⃣ INR Demand Skyrockets 📈 – Countries now need rupees for trade. The rupee might just stroll into the forex market wearing a new Diwali kurta.
2️⃣ Bond Markets Get New Fans 📜 – Foreigners can finally buy Indian govt securities directly in INR. Cricket-loving uncles, anyone? 🏏
3️⃣ Trade Gets Faster & Cheaper 🚀 – India-Russia trade in rupees skips the middleman. Think online dating for currencies: no catfish dollar needed.
4️⃣ Geopolitics Gets Spicy 🌶️ – After US tariffs, India’s move screams: “Fine, we’ll cook our own food and invite BRICS over.”
⚠️ Reality Check:
Dollar still rules globally 💵
SRVA adoption tiny (~$1.6B) – just a drop in the FX ocean 🌊
INR volatility & convertibility issues linger ⚡
But one thing’s clear: India is stepping onto the global stage. No $USDT
#India #RBI #BRICS #Forex

🚨 Crypto Circus Weekly – August 2025 Edition 🚨

1. Bitcoin’s Mood Swings

Bitcoin hit $124K, then panic-sold itself down to $118K after hearing inflation was back. Basically: BTC is that one friend who swears they’re done with toxic relationships but still texts their ex at 2 a.m.

2. Regulators Doing the Cha-Cha

The Federal Reserve decided to scrap its special crypto watchdog program. Translation: “Yeah, we tried babysitting, but these kids eat crayons and summon meme coins at 3 a.m.—you handle it.”

Meanwhile, U.S. politicians are debating the Responsible Financial Innovation Act, but Democrats warn it’s basically a “financial meltdown starter pack.”

3. Gemini’s Big Reveal

The Winklevoss twins’ exchange Gemini filed for an IPO. The numbers?

Revenue: $68M

Loss: $282M
That’s like bragging about selling lemonade for $20 while spending $1000 on fancy paper straws.

4. Do Kwon Season Finale

Terraform Labs’ Do Kwon finally pled guilty to fraud. He could face 12 years in prison. Somewhere, LUNA bagholders are screaming, “Only 12? Bro, my portfolio got a life sentence!”

5. Bonus Drama – Ukraine

Ukraine is about to legalize crypto ownership. Not legal tender, just legal to hold. In other words: “Sure, you can own it—just don’t try buying bread with Dogecoin.”

⚡ My Hot Take

Crypto right now = 🚀📈🤯📉🔥💀➡️ “HODL, bro, it’s all part of the plan.”

#cryptouniverseofficial #news_update #Volitality #Market_Update #BRICS $BTC
$ETH
$BNB

#BRICS is growing up

Although there is no BRICS currency or official launch date, it is still intriguing to consider what the potential benefits would be if such a currency were to launch. Given the current advancements and objectives of the BRICS nations, here are some benefits to think about.

Reduced Reliance on the US Dollar: The primary motivation for a BRICS currency is to reduce reliance on the US dollar. A new currency could provide support for transactions and shield member nations from the brunt of US fiscal policy and sanctions.

Increased impact within member countries: A shared currency would ease intra BRICS trade. A common currency eliminates the hassle of converting to the dollar, and would ease payments, resulting in lower costs, and trade efficiency within the group.

Greater Global Presence: The new currency would be backed by the members of BRICS which still include some of the major energy producers and consumers, providing them greater economic power. A common currency for the group would change the established order of dominance and would enable the bloc to exercise greater control in international relations.

Financial Stability: Speculative backing of the currency by a basket of commodities like gold or oil would offer a more stable and predictable alternative to fiat currencies thus mitigating inflation risks.
#BRICS #BRICSDigitalCurrency

Perfect visual for a Binance Square hot-topic post 🔥 — here’s a creative caption + analysis to match the meme-style image you shared:

💥 BRICS vs DOLLAR: THE NEW CURRENCY BATTLE 💥

The image says it all 👇
Brazil, India, China, and South Africa are pushing back while the U.S. still clutches the global money bag 💰.

Why this matters:

🌍 BRICS Rising: Countries are tired of the dollar’s dominance in trade.

💸 India’s Bold Move: RBI now lets partners settle directly in rupees — cutting USD out.

🏦 Alternative Systems: China pushing yuan, others exploring local currencies + CBDCs.

⚖️ Shift in Power: This isn’t the dollar disappearing overnight, but it’s the first real challenge in decades.

👉 The real question: Can BRICS truly loosen the dollar’s grip, or will Uncle Sam keep smiling with the money bag?

#BRICS #Dollar #India #GlobalFinance #Binance

buy and trade here on $BRIC

“Rupee Goes Global: RBI’s Plot Twist Leaves Dollar Speechless!” 💸🎬

What happened?
The Reserve Bank of India basically slid a note under BRICS’ door saying, “Hey, you can now pay us in rupees directly—no need to drag the dollar into this awkward dinner.”

No more long RBI approvals for Vostro accounts. Foreign banks can just open them, keep rupees, and even spend them on Indian government bonds. It’s like giving your neighbor the keys to your fridge and telling them, “Help yourself to the biryani.”

Market Impact (Translated from Finance-ese to Human)

1. Rupee Demand Goes Up 📈

More countries will need rupees for trade. INR might strut into the forex market like it just bought a new kurta for Diwali.

2. Bond Markets Get New Fans 📜

Foreigners can now buy Indian government securities with their rupee stash. Think of it as NRI uncles suddenly deciding they love your local cricket team.

3. Trade Gets Cheaper & Faster 🚚

If India and Russia trade in rupees, they skip all the currency conversion drama. It’s basically online dating for currencies—no middleman, no weird catfish dollar in between.

4. Geopolitics Gets Spicy 🌶️

This comes right after the U.S. slapped tariffs on India. RBI’s move is like India saying, “Fine, I’ll cook my own food and invite my BRICS friends over.”

5. Reality Check 🛑

The dollar is still the big boss at the party. The rupee’s just learning how to dance in the middle of the floor without spilling chai on itself.

Liquidity & convertibility limits: While beneficial, SRVAs don’t guarantee widespread rupee adoption. Cross-border currency infrastructure and deep liquidity remain bottlenecks.

Limited scale for now: As of late 2024, SRVAs held roughly ₹134.55 billion (~$1.6B). That’s a drop in the ocean compared to broader trade or FX markets.

FX volatility persists: INR’s volatility and convertibility issues still deter some long-term participants.

picture credit - @Ohi Hassan Choudhury

#India #RBI #BRICS #Volitality
#news_update

🇮🇳 INDIA STRIKES A DOLLAR BLOW — FULL RUPEE TRADE FOR BRICS!

In a move that could quietly shake the foundations of global trade, the Reserve Bank of India has opened the gates for BRICS and partner nations to settle transactions entirely in INR — no US dollar needed.

A fresh RBI circular now allows banks to open Vostro accounts for foreign companies without prior RBI approval. This means exporters and importers from friendly nations can trade directly in rupees, making settlements faster, cheaper, and more independent from USD fluctuations.

Why it matters:

🚀 Boost for Rupee Internationalisation — Easier INR settlements mean more demand and offshore liquidity for the rupee.

🛡 Geopolitical Play — Comes after fresh US tariffs on India, signalling a strategic pivot to reduce dollar dependence.

⚡ Trade Efficiency — Eliminates red tape, speeds up transactions, and strengthens BRICS economic corridors.

The bigger picture:
This isn’t an overnight dethroning of the dollar — its dominance runs deep — but it’s a clear, calculated step in building an alternative trade system. Over time, this could reshape regional finance, strengthen India’s policy autonomy, and give BRICS members more leverage in global markets.

📌 Bottom line: The rupee just got a bigger stage. The quiet moves made today could be the headlines of tomorrow’s financial shift.

#INR #BRICS #DeDollarization #GlobalTrade #RBI

#BREAKING UPDATE:
#India Opens Door for Full Rupee Trade with BRICS — A Quiet Boost for INR

In a subtle yet powerful policy change, the #Reserve Bank of India has approved full trade settlements in Indian rupees with #BRICS nations and allied partners, removing the need to rely on the U.S. dollar. Banks can now open Vostro accounts for foreign businesses without prior approval, allowing direct INR transactions for imports and exports.

Why It Matters: This step clears operational hurdles for rupee-based trade, potentially increasing global use of INR while offering India more economic flexibility. It also signals a strategic reply to recent U.S. tariffs, aiming to strengthen trade resilience and reduce dollar dependence.

How It Works: Overseas firms can hold and move rupees via Vostro accounts, enabling quicker, cheaper settlements and boosting offshore rupee liquidity.

Bottom Line: While the dollar’s dominance won’t disappear overnight, this move positions the rupee for greater international reach and could gradually reshape trade within BRICS and beyond.

$MAGIC
$ACA

#INRStrategy #BRICSTrade #RupeePower #MarketWatch

🚀🚀🚀BRICS: A New Era of Opportunities Beyond the Dollar

The rise of the BRICS bloc as a counterpoint to the hegemony of the dollar, exploring how cooperation among the nations of the group can build a more just, decentralized, and less susceptible economic and political future to the pressures of a single currency. The focus is to show that the dominance of the dollar is no longer sustainable and that the world needs new alternatives.

#BRICS
#Geopolítica
#Desdolarização
#NovaEconomia

Big move: RBI just cleared the way for full rupee settlements with BRICS — banks can now open Vostro INR accounts without prior RBI approval, making it easier for foreign firms to pay and be paid in rupees.

What that means: smoother, faster rupee trade flows, more offshore INR liquidity, and a small but meaningful push toward internationalising the rupee — especially for trade partners tired of dollar friction. It won’t replace USD overnight, but it’s a smart, low-friction nudge that could reshape regional settlement patterns over time.

Watch for: increased demand for INR-linked rails, more rupee liquidity providers, and potential growth in INR stablecoins or on-chain rupee settlement products.

Source: The Economic Times.

#RBIcryptoRevolution #BRICS #CrossBorder #forex #BinanceSquare

BREAKING NEWS :
India Ditches the #Dollar ? RBI OKs Full-Rupee Settlements for #BRICS — A Quiet Coup for the INR
India’s central bank has quietly opened the door for BRICS and other partner countries to settle trade fully in rupees, no longer forcing them to use the US dollar as the default settlement currency. Reserve Bank of India issued a circular instructing banks to allow overseas firms to open Vostro accounts without prior RBI approval, so exporters and importers can transact directly in INR.
Why this matters:
Practical shift, big signal.Making bank-to-bank rupee settlements easier removes a key operational hurdle for cross-border trade in INR and could speed up the rupee’s international use.
Geopolitical context.Move follows fresh U.S. tariffs on India and is widely read as part economic strategy, part diplomatic reply—by reducing USD reliance, India seeks more policy space and trade resilience.
How it works:Banks will be allowed to open and operate Vostro accounts for foreign customers (subject to KYC). These accounts let foreign firms hold and move rupees for trade settlement without cumbersome approvals.
Immediate effects:Easier rupee settlements could increase demand for INR, add offshore rupee liquidity, and make imports/exports with friendly countries faster and cheaper—potentially nudging some trade away from the dollar.
Limitations & reality check:Practical adoption will take time—infrastructure, correspondent banking, FX liquidity and trust all need to scale.dollar’s dominance is deep and unlikely to vanish quickly;this is a strategic step, not overnight replacement.
Bottom line:
This RBI circular is a tactical, low-friction move that could accelerate rupee’s internationalisation—especially across BRICS and friendly partners.If adopted widely, it’s sort of quiet policy change that can slowly erode transactional dependence on US dollar and reshape regional trade corridors.
Credit: Watcher.Guru —“India Ditches USD, Sends Circular To BRICS Granting Full Rupee Access.”
#MarketTurbulence #CPIWatch #HotJulyPPI

The Silent Advance of China: Yuan Challenges Dollar's Hegemony in New Financial Offensive.

While the 'BRICS currency' and cryptocurrencies generate discussions, China demonstrates its financial strength discreetly yet impactfully. The recent billion-dollar loan in yuan to an Australian mining company is a strategic move that weakens the position of the US dollar and signals the beginning of a new era in the global financial landscape.

#Yuan
#BRICS
#Dólar
#Criptomoedas