BRICS tells the dollar the fight: new payment offensive starts!

BRICS tells the dollar the fight: new payment offensive starts!

BRICS Sherpa Meeting, Südafrika - A bang from the BRICS world: Sergey RYABKOV, the Brics-Sherpa, gives the starting signal for the long-awaited new payment system! No, the US dollar won't be in charge! Instead, the BRICS block countries rely on a proven mix of local currencies. In an urgent speech at the Sherpa meeting, Ryabkov said: "There is no longer any back." Its determination underpins the vision of reducing the influence of the US dollar in cross-border transactions and emphasizing economic independence.

Anyone who had now hoped for half things will be disappointed. Ryabkov speaks of a glass that always remains half full, a clear finger on the determined and unwavering course of the BRICS countries. They have already made significant progress, but how quickly this all develops depends on the dynamics and the use of everyone involved. The BRICS block, consisting of Brazil, Russia, India, China and South Africa, promises changes. And these changes aim to finally banish the dollar from their billing-at least when it comes to the BRICS countries.

a liberation for developers?

And why the whole thing? Quite simply: to secure your own economies against the US sanction instrument. Ryabkov does not save with criticism and calls the United States and the West "enemy states" that want to brake the upswing of developing countries. The new payment system is therefore not just a financial maneuver, but a political statement. The independence of the BRICS countries is seen as a "critical milestone" for further development, a real "point of no return".