A new research paper out of Russia proposes the future of the international monetary and financial system. The country is the current chair of BRICS which is meeting next week. One of its proposals is a CBDC and DLT system to support local currency payments. While the paper makes some interesting points, the mixture of fact and propaganda undermines the document’s gravitas. The document was authored by the Ministry of Finance, the Bank of Russia and Yakov and Partners.
Russia outlines proposal for BRICS DLT cross border payment system
Tag: special drawing rights
Washington Seeks to Drum Up Support for Sanctions on China
The Joe Biden administration is pressuring allies to sanction China if Beijing decides to send arms to Russia, Reuters reported on Wednesday. Top American officials have claimed the Chinese government is considering providing weapons for Moscow’s war in Ukraine.
Washington Seeks to Drum Up Support for Sanctions on China
Related:
US House committee advances slew of sanctions bills related to China and Taiwan
USAID’s New Stage of Pressure and Interference against Venezuela + PSUV Approval Rating Almost Triples That of All Opposition Parties Combined in Venezuela
USAID’s New Stage of Pressure and Interference against Venezuela
Related:
The Dollar Devours the Euro
It is now clear that today’s escalation of the New Cold War was planned over a year ago. America’s plan to block Nord Stream 2 was really part of its strategy to block Western Europe (“NATO”) from seeking prosperity by mutual trade and investment with China and Russia
The Dollar Devours the Euro
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
The US-dominated International Monetary Fund warns of an “erosion of dollar dominance,” noting use of Chinese yuan in global central bank reserves is increasing, while Western sanctions on Russia could strengthen other currencies.
IMF Admits US Dollar Hegemony Declining, due to Rise of Chinese Yuan, Sanctions on Russia
Sanctions Didn’t Help Cubans, Iranians or Venezuelans. They Won’t Help Afghans.
The IMF won’t let Venezuela access its share of new SDRs
The IMF won’t let Venezuela access its share of new SDRs
Some Republicans in Congress, including Senators Pat Toomey and John Kennedy, have urged U.S. Treasury Secretary Janet Yellen to oppose the creation of the reserves, saying they would reward Maduro, among other U.S. adversaries.
Ms. Cat’s Chronicles 
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