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BRICS surprisingly relies on existing payment structures!
BRICS rejects plans for payment system 2024. Putin: Existing systems are sufficient. The focus remains on dedollarization.
BRICS surprisingly relies on existing payment structures!
Lightning strikes: The BRICS alliance sensationally overturns plans for a new payment system! Russian President Vladimir Putin surprisingly announced that, despite many expectations, no cross-border payment structure would be introduced at the summit in 2024. As the tsar claims, the current infrastructure is completely sufficient. Then why all the fuss? The answer lies in the constant fight against the dollar. The BRICS powers, which are constantly breaking new ground to challenge the West's dominance in the economic dispute, are relying on de-dollarization and greater use of their domestic currencies. And the path supposedly works without any new systems, as watcher.guru reports.
What are they thinking? Despite the backtracking maneuver, the alliance remains in tune with the times and continues to purposefully pursue the project of a multipolar world order. As a strong sign, 13 new partner nations are being brought on board, strengthening the already impressive BRICS family. It remains to be seen whether this decision will mean a cold shower for some or whether it will be celebrated as a smart move. Either way, the BRICS countries cannot be stopped so easily on their march to the top of the world!