Maxim Ryzhenkov, the Foreign Minister of Belarus, has cooked up a rather delicious scheme. He suggests that the upcoming BRICS settlement platforms should sprinkle in these digital currencies “as they become legally and technically ready for integration.” He swears this platform will help build “a sovereign economic architecture,” which sounds like a fancy way of saying they want to be their own boss.
Belarus’s Digital Currency Gambit for BRICS Settlements
Imagine a world where digital currencies are the new chocolate coins in the BRICS treasure chest. Belarus, a loyal member of the BRICS bloc, dreams of a trading platform that uses national digital currencies, or as they’re known in the biz, central bank digital currencies (CBDCs), to grease the wheels of trade between the big five.
At the recent BRICS summit in Rio de Janeiro, Belarusian Foreign Minister Maxim Ryzhenkov couldn’t help but gush about how Belarus backs the development of a platform that involves these digital currencies as the ultimate, secure payment gadgets.
According to TASS, the official Russian news agency, he proclaimed:
In order to improve the financial infrastructure of the BRICS member countries, Belarus proposes to consider the possibility of integrating central bank digital currency platforms as they become legally and technically ready for integration. It’s like adding a secret ingredient to a recipe, but for finance!
But wait, there’s more! Ryzhenkov went on to say that the BRICS bloc has a knack for teamwork, especially when it comes to economic and financial matters. “These initiatives are already moving into the practical plane. Bilateral agreements on mutual settlements, development of common standards, and creation of a secure financial infrastructure are becoming the foundation for building a sovereign economic architecture,” he assessed, with a twinkle in his eye.
“Belarus is ready to contribute to the development of these projects,” he concluded, as if he was offering a plate of cookies to a room full of hungry kids.
Russia’s President Vladimir Putin has also chimed in, calling the digital payment platform a matter of “particular attention.” Finance Minister Anton Siluanov explained in March that these digital assets are being eyed as the shiny new tools to power BRICS trade in the future.
The digital ruble and the digital yuan might just be the secret sauce in this upcoming payment and investment platform, provided the BRICS countries agree to swap their traditional currencies for these digital delights. 🤑
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2025-07-08 15:57