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Jean Luc And Peter Mingils on BRICS Currency on Building Fortunes Radio
Jean Luc and Peter Mingils talk about what is happening with the currency being generated by the BRICS Nations
The BRICS Currency: Reality Check in 2025Talk of a common BRICS currency has been circulating for years, usually accompanied by dramatic headlines claiming it will "end the dollar's dominance” overnight. As of late 2025, that still hasn't happened — and it almost certainly won't anytime soon.What actually exists is the BRICS Contingent Reserve Arrangement (CRA) and growing use of national currencies in cross-border trade. Since the 2024th BRICS summit in 2024 (Kazan, Russia), members have accelerated de-dollarization efforts:
A genuine single BRICS currency, however, faces insurmountable hurdles:
The more realistic project is "Unit,” a blockchain-based settlement platform discussed in Kazan for wholesale cross-border payments using central bank digital currencies (CBDCs). It's essentially an upgraded SWIFT alternative, not a gold-backed super-currency.Bottom line: BRICS is successfully reducing dollar dependence in bilateral trade and building parallel financial infrastructure. That's significant geopolitically, but it is not the birth of a new reserve currency. The U.S. dollar still accounts for ~58 % of global foreign-exchange reserves and ~88 % of international transactions (SWIFT data, 2025). Reports of its death remain greatly exaggerated.
Always consider the new company Absolute Branding for bookkeeping accounting and marketing.
Peter Mingils talks about the new company and services being offered by Jean Luc and Diane on previous Building Fortunes radio shows.
Company name is:
ABSOLUTE BRANDING Inc.
Email: [email protected]
Tel: 805.946.3122
Services: Bookkeeping, Creation of corporate entities ( profit & non-profits) and Management by Statistics
The New Youmongus Radio shows are on https://youmongusradio.com .
There's an AM Radio and an FM Radio website now to add to the Youmongus Radio Network.
https://youmongus.radio.am and
https://youmongus.radio.fm
The post Jean Luc And Peter Mingils on BRICS Currency on Building Fortunes Radio appeared first on Building Fortunes Radio Network.
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By Peter MingilsJean Luc and Peter Mingils talk about what is happening with the currency being generated by the BRICS Nations
The BRICS Currency: Reality Check in 2025Talk of a common BRICS currency has been circulating for years, usually accompanied by dramatic headlines claiming it will "end the dollar's dominance” overnight. As of late 2025, that still hasn't happened — and it almost certainly won't anytime soon.What actually exists is the BRICS Contingent Reserve Arrangement (CRA) and growing use of national currencies in cross-border trade. Since the 2024th BRICS summit in 2024 (Kazan, Russia), members have accelerated de-dollarization efforts:
A genuine single BRICS currency, however, faces insurmountable hurdles:
The more realistic project is "Unit,” a blockchain-based settlement platform discussed in Kazan for wholesale cross-border payments using central bank digital currencies (CBDCs). It's essentially an upgraded SWIFT alternative, not a gold-backed super-currency.Bottom line: BRICS is successfully reducing dollar dependence in bilateral trade and building parallel financial infrastructure. That's significant geopolitically, but it is not the birth of a new reserve currency. The U.S. dollar still accounts for ~58 % of global foreign-exchange reserves and ~88 % of international transactions (SWIFT data, 2025). Reports of its death remain greatly exaggerated.
Always consider the new company Absolute Branding for bookkeeping accounting and marketing.
Peter Mingils talks about the new company and services being offered by Jean Luc and Diane on previous Building Fortunes radio shows.
Company name is:
ABSOLUTE BRANDING Inc.
Email: [email protected]
Tel: 805.946.3122
Services: Bookkeeping, Creation of corporate entities ( profit & non-profits) and Management by Statistics
The New Youmongus Radio shows are on https://youmongusradio.com .
There's an AM Radio and an FM Radio website now to add to the Youmongus Radio Network.
https://youmongus.radio.am and
https://youmongus.radio.fm
The post Jean Luc And Peter Mingils on BRICS Currency on Building Fortunes Radio appeared first on Building Fortunes Radio Network.