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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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2 posters

    BRICS currency.. Government advisor: A global monetary and financial system is about to be born

    Rocky
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    • Post n°1

    BRICS currency.. Government advisor: A global monetary and financial system is about to be born Empty BRICS currency.. Government advisor: A global monetary and financial system is about to be born

    Post by Rocky Thu 17 Oct 2024, 4:33 am

    BRICS currency.. Government advisor: A global monetary and financial system is about to be born

    BRICS currency.. Government advisor: A global monetary and financial system is about to be born Reuters-40-1692686597

    +A
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    Baghdad Today - Baghdad
    The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed today, Wednesday, October 16, 2024, that a monetary and financial system for payments that enjoys international acceptance and credibility is “imminent.”
    Saleh said in a press statement, regarding his expectations for the outcomes of the upcoming BRICS summit in Kazan, Russia, that “a monetary system and a payment system are imminent and will enjoy international acceptance and credibility. The new monetary situation must impose an official character in the arrangements of special drawing rights (i.e. the currency of the International Monetary Fund), meaning that the BRICS currency will have a high weight in the weights of global currencies under which the International Monetary Fund deals in terms of the stability of the exchange rate and the strength of the new international currency (the BRICS currency).”
    He added: "The Kazan Summit must come out with an official announcement of the new international reserve currency called the BRICS currency, which will undoubtedly represent an economic force for nearly 40% of the world's population, and represent about 30% of the global GDP, especially since the five countries contribute significantly to the global economy, as they represent nearly 25% of the global GDP alone."
    He pointed out that "China and India are considered the main drivers of this growth, with their economic power increasing significantly in the past two decades and up until now, and without a doubt, half of global trade is controlled by the group."
    Saleh added: "Thus, the BRICS group seeks to reshape the global economic system in line with its interests, and challenge the traditional dominance of Western countries in international economic institutions, especially by establishing its own financial institutions such as the New Development Bank."
    Russia holds the rotating presidency of the BRICS bloc this year, under the slogan "Strengthening multilateralism for fair global development and security."
    Since assuming the presidency of the group, Russia has organized more than 200 political, economic and social events, and the main event will be the BRICS summit with the participation of a number of heads of state, which will be held in Kazan from October 22 to 24.
    The BRICS group is a joint association of several countries that was created in 2006 by Brazil, Russia, India, and China, and later in 2011, South Africa joined it.
    Since the beginning of 2024, Egypt, Ethiopia, Iran, the Emirates and Saudi Arabia have joined BRICS.

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    Bama Diva
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    • Post n°2

    BRICS currency.. Government advisor: A global monetary and financial system is about to be born Empty Re: BRICS currency.. Government advisor: A global monetary and financial system is about to be born

    Post by Bama Diva Thu 17 Oct 2024, 5:56 am

    This surely sounds promising 🤞🤞🤞
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