Introduction: The Russian Finance Minister recently announced that BRICS nations, comprising Brazil, Russia, India, China, and South Africa, are actively discussing the integration of digital financial assets backed by tangible assets into their financial systems. Notably, gold-backed stablecoins have emerged as a promising example of this innovative approach. With a monetary reset on the horizon, […]
The Islamic Monetary Council (IMC) has recently revealed its latest advancement in customer authentication: the introduction of new Hologram QR codes. These advanced codes, supported by the state-of-the-art Tayyib Certified Scanner, aim to bolster security measures for their valued clients. Additionally, customers can now access these cutting-edge codes on gold or silver, providing further assurance […]
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, have set their sights on safeguarding their economies against the secondary effects of unilateral sanctions. In a powerful statement, the alliance expresses its determination to protect countries that find themselves inadvertently impacted by sanctions that are unrelated to their involvement in the underlying […]
Time to Reconsider the Dominance of the Dollar: Insights from the Cuban President In a bold and thought-provoking statement, the President of Cuba has called for a reevaluation of the global financial landscape, suggesting that it may be time to move away from the dominance of the United States dollar. This call to action raises […]
South Africa has become the epicenter of diplomatic discussions as a meeting of foreign ministers from the BRICS countries commenced today. This gathering, consisting of Brazil, Russia, India, China, and South Africa, represents a significant milestone in fostering collaboration and shared development among emerging economies. The stage is set for a productive exchange of ideas, […]
Introduction The possibility of a new BRICS currency has the potential to introduce significant changes in trading dynamics, currency correlations, and market volatility. For investors, this calls for careful consideration and adaptation of investment strategies. In this article, we will explore how investors can prepare for a new BRICS currency and make informed decisions to […]
Introduction: The United Arab Emirates (UAE) recently made headlines with its substantial purchase of Russian gold, signalling a significant shift in the global economic landscape. This strategic move by the UAE underscores a growing trend of de-dollarisation as nations seek to diversify their reserves and reduce reliance on the US dollar. In this article, we […]
Article Outline US ‘highly likely’ to default – Treasury chief The United States is currently facing a significant risk of defaulting on its debts, according to the country’s Treasury chief. The implications of such a default would be far-reaching, both domestically and internationally. In this article, we will explore the concept of default, examine the […]
Outline of the Article 1. Introduction 2. Understanding Global Recessions 3. Factors Leading to a Global Recession 3.1 Economic Indicators 3.2 Geopolitical Tensions 3.3 Financial Instability 4. The Potential Impact 4.1 Economic Consequences 4.2 Social Implications 4.3 Political Ramifications 5. Lessons from the 2008 Recession 6. Preparing for a Global Recession 6.1 Diversification of Investments […]
Outline of the Article Russia’s Deputy Prime Minister: Exploring the Possibility of an Independent Financial System with Islamic Countries In a recent statement, Russia’s deputy prime minister has expressed the country’s interest in creating an independent financial system in collaboration with Islamic countries. This move aims to reduce Russia’s dependence on the existing global financial […]
