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<ul class="wp-block-list news-points">
 <li><strong>Putin’s digital currency plan aims for non-inflationary growth in BRICS and developing nations.&nbsp;&nbsp;</strong></li>
 <li><strong>BRICS digital currency seeks to create financial independence from Western-dominated systems.&nbsp;&nbsp;</strong></li>
 <li><strong>Russia’s Central Bank views Ripple as a promising solution for cross-border digital payments.</strong></li>
</ul>
<p>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.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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   <p lang="en" dir="ltr">BREAKING: <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f1f7-1f1fa.png" alt="🇷🇺" class="wp-smiley" style="height: 1em; max-height: 1em;">Vladimir Putin has announced that BRICS will adopt digital currencies to stimulate investment growth.<br><br>A new toolkit to support member states &amp; developing economies with big potential. <a href="https://t.co/ZuXa2gYqal" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/ZuXa2gYqal</a></p>— Kashif Raza (@simplykashif) <a href="https://twitter.com/simplykashif/status/1847479494472327417?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 19, 2024</a>
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<p>The plan marks a shift from traditional financial systems dominated by Western institutions, opening the door for more independent financial ecosystems in growing markets.</p>
<h2 class="wp-block-heading" id="h-digital-currency-as-a-strategic-tool-for-brics-nations">Digital Currency as a Strategic Tool for BRICS Nations</h2>
<p>Putin’s proposal, actively discussed with key BRICS partners such as China, India, and Brazil, seeks to leverage digital c…</p>
<p>The post <a href="https://coinedition.com/putin-proposes-brics-digital-currency-to-boost-emerging-economies/" rel="noopener noreferrer nofollow">Putin Proposes BRICS Digital Currency to Boost Emerging Economies</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Putin Proposes BRICS Digital Currency to Boost Emerging Economies

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