159 countries will join hands in the new BRICS payment system: a new chapter in international funds settlement
According to a major report by Russia Today on August 17, the BRICS organization is actively preparing to build its own payment system. This initiative will bring unprecedented changes to the BRICS group and all participating countries, while greatly reducing dependence on the US dollar. What is even more exciting is that the system is expected to make a shocking debut in October this year, dropping a "bomb" on the global financial market.
The biggest highlight of this new payment system is that it allows both parties to conduct unilateral settlement without using US dollars, opening up a new path for international funds settlement. This is undoubtedly a powerful challenge to the traditional hegemony of the US dollar and has injected new vitality into the global financial market.
Under the current global economic situation, people in the currency circle are looking forward to the arrival of interest rate cuts and water releases, in order to bring a torrent of funds to the market. However, we must be soberly aware that interest rate cuts are not always the "master key" to the economy, but may become the "catalyst" for market collapse. Therefore, the launch of the new BRICS payment system undoubtedly provides a more stable and diverse choice for the global financial market. For more first-hand information, click me! Free!