... dollar in international financial transactions. This trend is driven by the desire to reduce dependence on the U.S. currency and strengthen regional economic ties. Several countries are already taking steps in this direction: Increased use of local currencies and regional payment systems. Strengthening trade ties with China, which actively promotes the use of the yuan. Exploring the possibility of introducing a common currency for African economic unions. What Should Investors Focus On? The reduced role of the dollar in Africa ...

... American currency. Putin also commented on the idea of creating a unified BRICS currency, noting that it is premature to discuss this as such a goal does not currently exist. These statements raise a number of questions about the future of the global currency system and the potential for creating an alternative to the dollar within the BRICS framework. The Dollar's Role in the Global Economy Since the end of World War II, the U.S. dollar has played a central role in the international economy. It has become ...

... economic ties and improving trade mechanisms between the BRICS countries. Establishing a unified currency would require an enormous amount of coordination, involving the creation of a shared financial infrastructure, alignment of economic policies, and a system to manage currency risk. These steps make the process complex and time-consuming. Challenges Facing a Potential BRICS Currency Creating a unified currency for the BRICS nations involves numerous challenges: Economic Alignment: The BRICS economies differ significantly ...

As tokenization gains traction in the financial world, its potential to simplify transactions and expand market accessibility is becoming increasingly clear. This article explores the benefits and key applications of tokenization—from digital currencies to tokenized assets and cross-border payments—and examines the core challenges of regulation, security, and system integration. Sergey Tereshkin, CEO of Open Oil Market, shares insights on how tokenization could reshape financial markets and bring new opportunities to global businesses. Discover the transformative potential and future of tokenized assets in ...

... current sanctions, access to international currency platforms is becoming limited, and therefore the need for its own infrastructure is increasing. The purchase of the Saint Petersburg Currency Exchange allows the Central Bank to create an independent system that can support currency transactions without the participation of international intermediaries, ensuring financial stability. Our own currency platform will allow: To increase access to foreign currencies for companies and individuals in Russia; To support currency ...