Breaking: Saudi Arabia Eyes BRICS Bank Membership!

Exciting developments are underway as Saudi Arabia engages in talks with the New Development Bank of the BRICS group 🌍💼. As potential members, they could greatly boost the bank's funding capabilities, strengthening ties with emerging economies. Stay tuned for more updates on this pivotal partnership! 🇸🇦🤝

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#brics #globaleconomy #saudiarabia #dedollarization

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[JasonCowfer]

Bitcoin might have NSA origins. SHA-256 is the secure hashing algorithm which is an essential part of Bitcoin's architecture. It is an NSA hash function algorithm first published in 2001. Knowledge of this series gives you a good knowledge to trade smartly

[danisraelmalta]

What dedolarization?

China increased its dollar reserves (and us bonds) by almostc1 trillion last year, after hugh attempts to dedolarize turkey - the dollar became the most popular currency, lebanon is all dollars, recently been to egypt - they don't want liras only dollars, russia told india to stop paying for oil in rupees since they can't use them anywhere, Vietnam asks chinese business to pay in dollars not rombi, and the list goes on and on...

Since China, yuan is pegging the dollar, and is the main economy in brics, how can you really take out the dollar? Paying with yuan between governments? Fine, but no one in the private sector will touch it...

[kensmith]

Relying on China as your economic partner is like giving your crazy drunk uncle all your money to manage 😂