• Putin’s digital currency plan aims for non-inflationary growth in BRICS and developing nations.  

• BRICS digital currency seeks to create financial independence from Western-dominated systems.  

• Russia’s Central Bank views Ripple as a promising solution for cross-border digital payments.

Vladimir Putin has announced the introduction of a new digital currency investment tool for BRICS nations. This plan, which Putin shared during a BRICS media meeting, aims to offer a non-inflationary instrument to boost economic growth in developing economies.

BREAKING: Vladimir Putin has announced that BRICS will adopt digital currencies to stimulate investment growth.

A new toolkit to support member states & developing economies with big potential. pic.twitter.com/ZuXa2gYqal

— Kashif Raza (@simplykashif) October 19, 2024

The plan marks a shift from traditional financial systems dominated by Western institutions, opening the door for more independent financial ecosystems in growing markets.

Digital Currency as a Strategic Tool for BRICS Nations

Putin’s proposal, actively discussed with key BRICS partners such as China, India, and Brazil, seeks to leverage digital c…

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