BRICS nations to introduce gold-backed currency
Russian government backed media house RT confirms BRICS will create a new trading currency backed by gold.
The official announcement is expected to be made during the BRICS summit in August in South Africa.
he notes, worth 200 million Chinese yuan (~$28 million), aim to simplify digital asset markets and promote Hong Kong's digital economy. Hong Kong is embracing crypto and lifting its retail trading ban, encouraging exchanges to seek licenses.
Bank of China's investment arm partners with UBS to issue tokenized notes on Ethereum, marking the first digital note issuance by a Chinese financial institution.
#Blockchain#Crypto#China#HongKong
4/n Every positive mention of the economy was immediately followed by stringent cautions related to inflation. Given the questionable GDP figures for FY 2022-23, it is evident that the RBI will likely grapple with the issue of persistent inflation in the upcoming quarters.
1/n Make a Twitter thread: Upon reading the Reserve Bank of India (RBI) Governor's June 2023 monetary policy statement, it becomes clear that the Monetary Policy Committee (MPC) is extremely cautious about inflation
3/n While the RBI Governor attempted to convey a positive message by discussing improved economic indicators, his body language suggested a different story.
@INArteCarloDoss Definitely this is not a conspiracy theory as global elites are discussing this openly from the World economic forum platform. However, I am really shocked to see the speed with which they are implementing the plan.
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