tag:blogger.com,1999:blog-3721270538691005963.post7219037022783540399..comments2024-03-29T07:46:41.177+08:00Comments on Ibnu Hasyim: COVID-19: Perhatian, Merbahaya Untuk Pengusaha Kedai Gunting..Ibnu Hasyimhttp://www.blogger.com/profile/15457271184427332378noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-3721270538691005963.post-87955639636447220462020-04-11T13:13:21.714+08:002020-04-11T13:13:21.714+08:00Wake Up Malaysia its time joint BRICS members... n...Wake Up Malaysia its time joint BRICS members... no more US Dollar trading<br /><br />BRICS digital currency would likely be used to facilitate trade transactions. No more IMF , World Bank, Dollar and Oligarth elit comunity.<br /><br />The New Development Bank was set up in 2015 with initial capital of $50 billion by the BRICS countries -- Brazil, Russia, India, China and South Africa - as a counterweight to the International Monetary Fund. (IMF)<br /><br />BRICS and the Digital Money Project: Alternative to US$, New Wave in International Payment System? BRICS New Development Bank focus on off-US Dollar currencies as major currency. No more US Dollar..!!<br /><br />Russia began developing a national payment system as an alternative to the Belgium-based SWIFT financial code messaging service in 2014 after Western sanctions were imposed on Moscow. Russia says BRICS nations favour idea of common payment system widely.<br /><br />Russian Central Bank governor Elvira Nabiullina said earlier this year that its independent protocol would be ready to replace SWIFT code and counter the possibility of Russia being cut off from the global payments network.<br /><br />China, India, Iran and Turkey are said to have held talks with Russia over joint use of the new financial messaging system without SWIFT protocol code.<br /><br />China operates the Cross-Border Interbank Payment System (CIPS), developed as an alternative or redundancy option in the event that Chinese banks lose access to the Swift network.<br /><br />The BRICS association of major emerging economies has discussed developing a digital currency to ease trade in the bloc and reduce its reliance on U.S. dollars in settlement.<br /><br />In 2019 Russia, Brazil, India, China and South Africa were planning to issue their own digital money in order to reduce the share of payments in the US currency. BRICS countries are reducing the share of settlements in dollars. In Russia, over the past five years, the dollar`s share in foreign trade payments has decreased from 92% to 50%, and the ruble has increased from 3% to 14%.<br /><br />The efficient BRICS payment system can ensure stability of payments and investments between BRICS member countries that generate more than 20% of the global inflow of foreign direct investment.<br /><br />The new payments system, which would use members’ national currencies, appears in part to be aimed at reducing BRICS nations’ reliance on the U.S. dollar, and perhaps boosting the Russian ruble’s role in trade. <br /><br />Dmitriev said BRICS has already reduced its use of USD in settlements over the last five years from 92 to 50 percent, while ruble-based transactions climbed from 3 to 14 percent.<br /><br />BRICS (Brazil, Russia, India, China, South Africa) and Asian countries have become more integrated into the world economy, they have become 'increasingly awareness' of fundamental problems or challenges in the new current International Monetary System (IMS).<br /><br />The project, already launched in 2012, will support innovative research on: first, views from the BRICS and Asian countries on the systemic problems that are pushing countries to seek international monetary reforms.<br /><br />Wake up Malaysia..!! This is a time Malaysia should joint BRICS member actively to become role model in ASEAN country to redollarisation currency transation among members in Southeast Asia.<br /><br />This is a time make monetary war in US Dollar. USA will bangkrupt nation without Dollar currency in world monetary transation.Anonymousnoreply@blogger.com