JP Morgan Says BRICS Payment System Can Weaken US Dollar
https://watcher.guru/news/jp-morgan-says-brics-payment-system-can-weaken-us-dollar
Leading investment bank JP Morgan has warned that the new BRICS payment system could weaken the US dollar’s global hegemony. The bloc is working towards the formation of a new payment system called ‘BRICS Pay’ where a basket of currencies will be used to settle cross-border transactions. The yet-to-be-launched payment mechanism will not incorporate the US dollar in its systems for global trade and settlements.
originally posted at https://stacker.news/items/761870
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2024-11-10 16:56:37
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npub1k3qrkfq45qsvyp53hvvv2xk6tt9kfdca9asfvm9nc796dq65948q9q9t9mPublished at
2024-11-10 16:56:37Event JSON
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"content": "JP Morgan Says BRICS Payment System Can Weaken US Dollar\nhttps://watcher.guru/news/jp-morgan-says-brics-payment-system-can-weaken-us-dollar\n\nLeading investment bank JP Morgan has warned that the new BRICS payment system could weaken the US dollar’s global hegemony. The bloc is working towards the formation of a new payment system called ‘BRICS Pay’ where a basket of currencies will be used to settle cross-border transactions. The yet-to-be-launched payment mechanism will not incorporate the US dollar in its systems for global trade and settlements.\n\noriginally posted at https://stacker.news/items/761870",
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