"MOVES TO REDUCE GLOBAL DEPENDENCY ON THE US DOLLAR" BY GOLDILOCKS, 4 MARCH

 GOLDILOCKS

"Russia is testing digital asset payment technology as groundwork for a potential BRICS digital currency.

The move aims to reduce global dependency on the US Dollar, aligning  with BRICS’ de-dollarization efforts.

Digital currency trials are starting with China and Eurasian Economic Union countries, under Russia’s initiative."

Russia is making a move inside the new digital economy. They are testing their new payment system with digital assets formulating a pre BRICS currency launch. 

Vladimir Putin is the current chairman for the BRICS Nations. One of the qualifications in belonging to the BRICS Nations is that countries have to back there economy by gold or other commodities. These new global economic initiatives are what is leading the drive towards a Global Currency Reset. 

A new trading currency with a backing by gold for the BRICS Nations is rapidly becoming more than just a simple threat to the current Global Monetary System. 

Russia is currently taking practical steps in lowering their dependence on the US dollar in trade among nations. And, these changes are affecting the current ratings of their currency. Enough so, that the FATF is currently re-rating their currency.

When a countries' currency is re-rated, it means they are currently in process of a revaluation inside their new currency values and mechanisms for the dissemination of these new values in trade. Yes, new exchange rates. 

"The Financial Action Task Force (FATF) is the global money laundering and terrorist financing watchdog. It sets international standards that aim to prevent these illegal activities and the harm they cause to society."

Look for the FATF get more involved in the BRICS Nations as they set forth new trading mechanisms designed to enhance their group's local currency values through their new digital asset-based trading system. 

This is a move from a pegged currency with the dollar to a free floating exchange rate determined by the markets. Gold adds value to currencies that have been devalued over the years and equalizes the playing field for each country involving themselves inside free-floating mechanisms. 

Watch the water.

© Goldilocks

https://www.cryptopolitan.com/russia-digital-assets-pre-brics-currency/