30
submitted 2 weeks ago by schizoidman@lemm.ee to c/world@lemmy.world

cross-posted from: https://lemm.ee/post/45571029

you are viewing a single comment's thread
view the rest of the comments
[-] marcos@lemmy.world 3 points 2 weeks ago

Any new alternative on international settlements is welcome...

But the main BRICS countries have been creating new payment methods for a while now, with a few successes. So, what is he talking about?

[-] 00x0xx@lemmy.world 2 points 2 weeks ago

But the main BRICS countries have been creating new payment methods for a while now, with a few successes.

Their alternatives to SWIFT is very successful, it's how both Russia and China have made themselves immune to the secondary effects of western sanctions against Russia. However besides the international transactional agreement, only Brazil have proposed an alternative to US currency, but the other nations have no interest in this.

IMHO, it's probably because Brazil is most vulnerable to the US dollar. The economies of China, India, Russia and SA are not as dependent on the US dollar, since they also trade significantly with non-western nations.

this post was submitted on 23 Oct 2024
30 points (96.9% liked)

World News

38969 readers
1964 users here now

A community for discussing events around the World

Rules:

Similarly, if you see posts along these lines, do not engage. Report them, block them, and live a happier life than they do. We see too many slapfights that boil down to "Mom! He's bugging me!" and "I'm not touching you!" Going forward, slapfights will result in removed comments and temp bans to cool off.

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News !news@lemmy.world

Politics !politics@lemmy.world

World Politics !globalpolitics@lemmy.world


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS