Belarus Proposes Introduction of Digital Currencies to BRICS Settlement System
2025-07-08 12:49:03
Main Idea
Belarus proposes the integration of digital currencies, including CBDCs, into BRICS settlement platforms to enhance financial infrastructure and build a sovereign economic architecture.
Key Points
1. Belarusian Foreign Minister Maxim Ryzhenkov advocates for digital currencies in BRICS settlements to improve financial infrastructure.
2. The proposal includes the use of central bank digital currencies (CBDCs) like the digital ruble and digital yuan for trade facilitation.
3. Ryzhenkov emphasizes Belarus's readiness to contribute to the development of these projects within the BRICS bloc.
4. Russian President Vladimir Putin and Finance Minister Anton Siluanov have previously highlighted the importance of digital payment platforms for BRICS.
5. The digital ruble and digital yuan could play a pivotal role in the upcoming BRICS payment and investment platform if member countries agree to their use.
Description
Maxim Ryzhenkov, the Foreign Minister of Belarus, stated that the upcoming BRICS settlement platforms should implement these digital currencies “as they become legally and technically ready for integration.” He emphasized that this platform would help build “a sovereign economic architecture.” Belarus Proposes Integrating Digital Currencies for BRICS Settlements Digital currencies are set to become a
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