2024

Momentum

Gains

<ul class="wp-block-list news-points">
 <li><strong>Vladimir Putin seeks to reduce the reliance on the US dollar.&nbsp;</strong></li>
 <li><strong>The Russian leader said that de-dollarization will help economic development.</strong></li>
 <li><strong>Putin added that all members of BRICS should trade using regional currencies.</strong></li>
</ul>
<p>Russian President Vladimir Putin attending the 2024 BRICS Summit has voiced strong support for de-dollarization and the adoption of digital assets. Putin highlighted that Russia has become a major advocate for cryptocurrencies, aiming to reduce reliance on the US dollar.</p>
<p>Putin stated that using local currencies instead of the US dollar or euro “helps keep economic development separate from political influences in today’s world.” The Russian president has been promoting de-dollarization since 2012, stressing that it would lead to greater economic independence and minimize geopolitical risks.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f6a8.png" alt="🚨" class="wp-smiley" style="height: 1em; max-height: 1em;">BREAKING: Russian President Putin says using national currencies instead of the US dollar or euro helps keep economic development free from politics in today's world. <a href="https://twitter.com/hashtag/BRICS?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#BRICS</a><br><br>Russia's central bank released a new document a few weeks ago on how they will use <a href="https://twitter.com/hashtag/XRP?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">#XRP</a>! <a href="https://t.co/UpW22ug8sc" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UpW22ug8sc</a></p>— JackTheRippler © (@RippleXrpie) <a href="https://twitter.com/RippleXrpie/status/1848923990485504212?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">October 23, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Russia hoste…</p>
<p>The post <a href="https://coinedition.com/putins-de-dollarization-strategy-gains-momentum-at-brics-summit/" rel="noopener noreferrer nofollow">Putin’s De-Dollarization Strategy Gains Momentum at BRICS Summit</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Putin’s De-Dollarization Strategy Gains Momentum at BRICS Summit

Coin Edition

Other articles published on Oct 23, 2024

All you need to know about the 2024 computer-based WAEC Examination (CBWASSCE)

Top ICOs to Watch Now: Pre-Listing Tokens for Q4 Investment

ECB paper mischaracterizes Bitcoin, fails to highlight the problems of fiat

Sui Announces Integration with Google Cloud to Boost Real-Time Blockchain Data Access

This Under-$0.05 Real Utility Altcoin Could Explode 1000%: Don’t Wait for Another Dogecoin/Shiba ...

BTC Approaches Crucial Retest: Will the Tenkan Line Hold?

Join our free newsletter for daily crypto updates!