BRICS Launched Intra-Bank System: Is BRICS Currency on the Horizon?

Another significant development is the launch of an intrabank system that demonstrates BRICS’ commitment to creating practical solutions for its members. Russia and Iran have deepened their economic ties by connecting their national payment systems—Russia’s SPFS (System for Transfer of Financial Messages) and Iran’s SEPAM (System for Electronic Payment Messaging). This integration allows both countries to conduct financial transactions in their own currencies, the ruble and the rial, bypassing the U.S. dollar and the SWIFT network. The initiative is part of a larger effort to enhance economic sovereignty and circumvent Western sanctions that have limited both nations’ access to international financial systems.
Now, let’s discuss the dedollarization efforts by BRICS. The movement to reduce reliance on the U.S. dollar across the Global South is gaining momentum, particularly through initiatives led by major emerging economies like the BRICS bloc. This surge in dedollarization is driven by the desire for financial independence and the need to mitigate risks associated with external sanctions.

[robertwaim]

BRICS is peaceful, progressive, multi cultural, multi religious, multi langual.Good for all humanity.BRICS is the future.

[EtrovoKango]

The more transparency you will have, the more countries you will have and the more success you will have.

[RaynaldDolcin]

Briics members doing good job guys may may God bless all Brics members working
So hard to make good Law decisions about articles to secure all things

[ThaboNkutha]

I respect Russia and it's President Mr Putin from south Africa❤❤❤❤❤❤❤

[nickpope]

Australia should be part of BRICS…. Please, take us…!!!!

[heliosu]

LONG LIVE TO BRICS; WE WISH YOU ALL GREAT SUCCESS.

[РафаэльСаркисянц-ът]

Саммит в Казани сильно укрепит значимость БРИКС в мире . Не удевлюсь, если кое-кто из стран Запада захочет избавиться от пагубного влияния США и присоедениться к БРИКС, например Венгрия с её президентом Орбаном, который не приемлет диктата над собой.

[emole]

Joining BRICS would help The Netherlands significantly. Unfortunately we are a satellite state of the American regime.🇳🇱🇷🇺🇨🇳🇧🇷🇮🇳🇿🇦

[matthachireth]

NDB will flourish, and potential economic benefits, under BRICS, prosperity anticipated.

[seshagiriraoedupuganti]

Developing countries and middle income countries must work together in trade and research and in all fields, work through their currencies, scientific exchanges, encouraging students to utilise best colleges, cultural exchanges—— for betterment of mankind—- be aware of sabotage

[allalbenadam]

Seeing this video title gave me great pleasure of my disclosure abut hating the IMF in 2010 at a global gathering where few Central Bank Directors were a panel at a conference.
This also tells me that those especially the conference event Moroccan Government executive who were present and heard me speak against the IMF were stupid of not approaching me to secure my services in reducing Morocco External Debts.

[РафаэльСаркисянц-ът]

я был бы не против, если рубль станет таким, каким показали его на видио. Это купюра в пять рублей, на неё много чего можно было купить во времена СССР.

[urimtefiki]

Albania should apply for BRICS membership too.

[GillerHeston]

BRICS wants to build a new currency. It is also worth noting that gold has historically been used as a store of value and a means of exchange, and some countries still hold significant amounts of gold in their reserves. However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subiect to numerous economic, political, and logistical considerations.

[stephencolaco]

It is a very good strategy to reduce the power of US & NATO

[travelpark]

World people are expecting more from brics

[andegebreberhan]

Thank you for giving us very important information

[KarenSchwartz-dq]

This may oliquely save a lot of people a lot of grief.
Other nations are aftaid for themselves because the Western oilgharchs own them. If BRICS+ can consolidate a stable economic substructure the hyenas may safely desert the Western bloc.

[wagnernero]

Brics é o futuro, já está mais que na hora do Brasil e os países emergentes assumirem o seu lugar de direito no cenário mundial.

[bubba-iqep]

GO BRICS The world needs a new currency.