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BRICS Currency: No Official Launch Yet, Focus Remains on De-Dollarization​While the idea of a new BRICS currency continu...
15/10/2025

BRICS Currency: No Official Launch Yet, Focus Remains on De-Dollarization
​While the idea of a new BRICS currency continues to generate significant buzz, there has been no official launch of a common banknote. Instead, the bloc of major emerging economies is prioritizing the increased use of local currencies in trade and the development of alternative payment systems to reduce reliance on the U.S. dollar.
​At the 17th BRICS Summit in Rio de Janeiro in July 2025, leaders confirmed that a joint currency is not an immediate prospect. The focus remains on strengthening economic cooperation and fostering a multipolar global financial system.
​Symbolic Gestures and Long-Term Ambitions
​A symbolic BRICS banknote was unveiled at the 16th BRICS summit in Kazan, Russia. However, officials clarified that this was a political statement rather than the introduction of legal tender. Reports also suggest that prototype banknotes have circulated in some member states as a tangible representation of the bloc's aspirations.
​Despite the absence of a concrete timeline, the ambition for a common currency persists as a long-term goal. Some reports speculate a potential launch around 2026, but official statements from key figures, including Russian President Vladimir Putin and representatives of the New Development Bank (the BRICS bank), have characterized a shared currency as a more distant objective.
​The Core Objective: De-Dollarization
​The primary driver behind the discussions of a new currency is the broader strategy of "de-dollarization." The BRICS nations—Brazil, Russia, India, China, and South Africa, along with new members—are actively working to lessen the dominance of the U.S. dollar in international trade and finance.
​Key initiatives in this effort include:
​Promoting Local Currency Trade: Encouraging and facilitating trade among member countries using their own national currencies.
​Developing Alternative Payment Systems: Creating new financial infrastructure, such as the BRICS Pay system, to bypass the traditional U.S.-centric global payment networks.
​The recent expansion of the BRICS group is expected to add momentum to these de-dollarization efforts by increasing the collective economic weight of the bloc. While a unified BRICS currency note is not on the immediate horizon, the underlying trend of shifting away from the dollar in international transactions continues to gain traction.

It'z Cholordz TV News China urges sincerity from US in trade talksTrade: Country's measures calibrated, expert saysBy Wa...
15/10/2025

It'z Cholordz TV News

China urges sincerity from US in trade talks
Trade: Country's measures calibrated, expert says
By Wang Keju | chinadaily.com.cn

Updated: 11:07 pm (GMT+8), Oct 14, 2025
China on Tuesday urged the United States to "correct its wrong practices and show sincerity" to preserve the hard-won results of previous trade talks and work with China in the same direction, a day after working-level talks were held between Beijing and Washington.

In another development, China added five US affiliates of South Korean shipbuilder Hanwha Ocean to its anti-foreign sanctions list on Tuesday, cutting them off from business and cooperation with Chinese entities.

Analysts said that Beijing's swift responses demonstrate strategic precision — a calibrated yet measured approach that shows its readiness to defend its interests while leaving the door open for negotiations with Washington.

Reacting to US claims that China had postponed a suggested phone call to discuss recent rare earth export controls and a US suggestion that the two sides find a way to restore stable situations, a spokesperson for the Ministry of Commerce said: "China's position has been consistent and clear. We will fight to the end if forced to, but our door remains open for talks."

The spokesperson reiterated that the export control measures were legitimate practices of the Chinese government aimed at improving its own export control system in accordance with laws and regulations, adding that China's export control move does not mean a ban on exports and that applications in compliance with regulations will, as always, be granted approval.

China had notified the US side ahead of the announcement of relevant export control measures, the spokesperson said, noting that the two sides have maintained communication and had held working-level talks as recently as Monday.

However, the spokesperson stressed that it is the US that has "long overstretched the concept of national security, abused export controls, and adopted discriminatory practices targeting China".

"Especially since the China-US trade talks in Madrid, the US has continued to introduce a series of new restrictive measures against China, seriously harming China's interests and severely disrupting the atmosphere of the bilateral trade negotiations," the spokesperson said.

From Tuesday, the US began imposing additional port fees on Chinese-built and Chinese-operated ships. In response, China started charging US ships for docking at Chinese ports.

China also sanctioned five of South Korean shipbuilder Hanwha Ocean's US subsidiaries, which have assisted and supported the US government's probes and measures against Chinese maritime, logistics and shipbuilding sectors, according to a statement from the Ministry of Commerce.

In a separate statement on Tuesday, the Ministry of Transport said it had launched an investigation into the impact of Washington's Section 301 probe on Chinese shipping and shipbuilding industries.

According to Wang Wen, dean of Renmin University of China's Chongyang Institute for Financial Studies, China's preparedness is not passive. Instead, it has evolved into a multi-pronged strategy, moving from reactive measures to proactively leveraging its strengths while building economic resilience.

Earlier on Friday, the Donald Trump administration threatened to impose an additional 100 percent tariffs on China-made goods, starting Nov 1.

In addition, the US would slap controls on export of "any and all critical software" to China.

Earlier this year, the White House restricted shipments of chip design and simulation tools to China.

Chen Wenling, former chief economist at the China Center for International Economic Exchanges, said: "History and reality have repeatedly proven that the tactics of tariff threats and extortion may force some countries to yield temporarily, but they are doomed to fail against a resilient and sizable power like China."

Instead, these maneuvers often backfire, turning into embarrassing situations where the perpetrators end up shooting themselves in the foot, Chen added.

US consumers will likely shoulder 55 percent of tariff costs by the end of the year, with US companies taking on 22 percent, analysts of Goldman Sachs wrote in an Oct 12 research note.

Cui Fan, a professor of international trade at the University of International Business and Economics in Beijing, said that China's countermeasures have followed a pattern starkly different from Washington's pendulum-like policy shifts.

Cui said each countermeasure has been deliberately calibrated, targeting specific sectors where leverage exists while avoiding broader economic confrontation.

It demonstrates China's firmness in protecting core interests, while signifying its willingness to maintain constructive dialogue and cooperation with the US, even in the face of ongoing challenges, Cui added.

"Seeking mutually-beneficial cooperation and establishing a new equilibrium, rather than unilateral concessions, is the inevitable path for China and the US to coexist," Cui said.

30/07/2025

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♻️The Egypt 2025 CAF U20 Special Awards Winners For me Manchester united should go for this young goal  keeper  he has g...
19/05/2025

♻️The Egypt 2025 CAF U20 Special Awards Winners

For me Manchester united should go for this young goal keeper he has great future ahead of him .....

🇿🇦 Fletcher Lowe | Best Goalkeeper
🇿🇦 Tylon Smith | Man Of The Tournament
🇲🇦 | Morocco | Team FairPlay





Down to the wire in Italy! 🇮🇹Napoli or Inter?For me inter should leave the league for Napoli And focus on lefting the ch...
19/05/2025

Down to the wire in Italy! 🇮🇹

Napoli or Inter?

For me inter should leave the league for Napoli
And focus on lefting the champion league 🥳🥳🥳

Who's claiming the last spot? 🔮I promise you inter Miami will play in the final Just like penalty Argentina ! Penalty Ar...
19/05/2025

Who's claiming the last spot? 🔮

I promise you inter Miami will play in the final

Just like penalty Argentina ! Penalty Argentina!😂😅

Yamal is the  favourite to win the ballon dor according to Score 90Drop your comment and your favorite player to win it
19/05/2025

Yamal is the favourite to win the ballon dor according to Score 90

Drop your comment and your favorite player to win it

Argentina lost their opening game of the 2022 FIFA World Cup and went on to win the tournament.Start point does not matt...
19/05/2025

Argentina lost their opening game of the 2022 FIFA World Cup and went on to win the tournament.

Start point does not matter only believe and work on it .....

Amajita did the same in the U-20 AFCON 🌟🇿🇦

Sometimes I look at these things and laugh at Ronaldo fans.
27/12/2024

Sometimes I look at these things and laugh at Ronaldo fans.

🚨❗️ IT IS OVEROlamide has peacefully allowed Asake to terminate his contract and part ways with his record label, YBNL M...
27/12/2024

🚨❗️ IT IS OVER

Olamide has peacefully allowed Asake to terminate his contract and part ways with his record label, YBNL Music.

Asake has been given the masters to all his songs recorded under the label, but they will maintain a royalty split on the songs for as long as the contract was intended to run, which is a minimum of 10 years.

Olamide said this: "I didn't create YBNL because I wanted to make money. I created it because I wanted to see other young people grow, so if any artist under me wants to leave, they are free. Asake has done his part, and I'm proud of him."

Asake has now removed anything concerning YBNL from his social media handles and unf0ll0wed everyone, including Olamide.

This contract was reportedly terminated a few months ago after the release of his Lungu album!

We wish Asake well!

Antonio Conte 🗣️----- I incrêased his transfer feê to get my rêvêngê since he has made up his mïnd not to rêturn to Nãpo...
27/12/2024

Antonio Conte 🗣️----- I incrêased his transfer feê to get my rêvêngê since he has made up his mïnd not to rêturn to Nãpoli

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