In a major development ahead of the upcoming BRICS summit on October 22, Russian President Vladimir Putin has announced his plans to introduce the use of digital currencies for investments within the BRICS countries. This move could significantly shift the financial landscape, signaling a strong push towards independent digital currencies that are non-inflationary and support emerging economies.

At a recent press conference, Putin stated, "This is a crucial issue for BRICS members, and we are advancing consultations with China, India, Brazil, and South Africa. We're making progress steadily and will approach this collectively."

Putinā€™s remarks come as BRICS nations, along with Russiaā€™s Deputy Finance Minister Sergei Ryabkov, discuss the potential use of stablecoins for international payments. This is a massive stride toward developing a BRICS-controlled independent payment system, which aims to reduce reliance on Western financial infrastructure.

šŸšØ Could this be the game-changer in international trade, and will digital currencies finally take the global stage with BRICS backing them? The financial world is watching closely as these developments unfold. Stay tuned for more updates!

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