Singapore banned from BRICs- largest trading bloc, habis la!

[Eisenhut]

 

[A Singaporean]

Why would BRICS wants a running dog in its camp?

 

[Hightech88]

So will our ladies become maids and Cheekons overseas?

 

[laksaboy]

Look at the usual suspects hyping up BRICS.

 

[steffychun]

Why I as in India never propose since CECas are here?

 

[superpower]

We sanctioned Russia and during LHY's term as PM have become seen as a US running dog. Why would China and Russia admit us?

 

[myfoot123]

BRICS will judge India the same way it judge Singapore. In fact, they wanted India out of BRICS for obvious reason if BRICS intended to sail smoothly.

 

[k1976]

Understanding Foreign Exchange Rates: 2024 Guide for Singaporeans​

Caleb Leong
Fri, 18 October 2024 at 6:28 PM SGT11-min read

understanding foreign exchange rates guide for singaporeans
Foreign exchange rates might seem like a topic for Wall Street, but in Singapore, they’re closer to home than you’d expect. The strength of the Singapore Dollar (SGD) directly impacts the cost of your everyday purchases.
When the SGD is strong, imported goods become cheaper, helping to keep inflation in check. On the flip side, a weaker SGD can drive up prices, affecting everything from groceries to gadgets. Even if you’re not trading currencies, their fluctuations are quietly influencing your spending power every time you shop.
Given that Singapore’s economy relies heavily on international trade—over 300% of its GDP—any shift in currency rates sends ripples across the entire economy. Whether you’re investing, travelling, or shopping online, knowing how these rates work is key to making informed consumer decisions in our connected economy.

 

[Eisenhut]

this BRICs is no joke de, its going to be a region of growth compared to G7 group...all stagnating and doing wokism

 

[Eisenhut]

BRICS will judge India the same way it judge Singapore. In fact, they wanted India out of BRICS for obvious reason if BRICS intended to sail smoothly.

Who wants a 2 headed snake in the nest?

 

[superpower]

https://geopoliticaleconomy.com/202...m”,and settlement”, and financial instruments

BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal​

The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia’s finance ministry and central bank released a report detailing plans to transform the international monetary and financial system.

The Global South-oriented organization BRICS has released plans to transform the international monetary and financial system and challenge the dominance of the US dollar.

As the chair of BRICS for 2024, Russia proposed the creation of a BRICS Cross-Border Payment Initiative (BCBPI), in which members of the organization will use their national currencies to trade.

BRICS will likewise establish an alternative messaging infrastructure to circumvent the SWIFT system of interbank communication, which is overseen by the United States and subject to Western unilateral sanctions.

This “multi-currency system” will also include new mechanisms not only to de-dollarize trade, but also to encourage investment in BRICS members and other emerging markets and developing economies, including a BRICS Clear platform, a “new system of securities accounting and settlement”, and financial instruments denominated in national currencies.



BRICS will experiment with distributed ledger technology (DLT, such as blockchain), promoting the use of central bank digital currencies (CBDCs) so nations can settle trade imbalances directly, without the need for the SWIFT system and correspondent banks located in third countries.

There are also plans for the establishment of a BRICS Grain Exchange and associated pricing agency, with centers for trade in commodities like grain, oil, natural gas, and gold, which can likewise be used to settle trade imbalances.

These proposals were outlined in the report “Improvement of the International Monetary and Financial System”, which was co-authored by the Ministry of Finance of the Russian Federation, the Bank of Russia, and the consulting firm Yakov and Partners. (A PDF of the document can be found at the official website of the Russian finance ministry, although if that link does not work, it is also available at the page of Yakov and Partners.)

This historic report was published on the eve of the BRICS summit in Kazan, Russia from October 22-24.

 

[k1976]

Why sham away from Gold back Currency???

 

[congo9]

These BRIC won't have anything good when China is chairing.

They won't have the chinese market by themselves. China will out produce them .

 

[superpower]

These BRIC won't have anything good when China is chairing.

They won't have the chinese market by themselves. China will out produce them .

China needs their raw materials and commodities. They need China's manufactured goods. Symbiotic relationship.

 

[superpower]

Why sham away from Gold back Currency???

Gold-backed currency is the holy grail. Creating a new currency takes a lot of planning and requires broad consensus. In the meantime using national currencies makes more sense as they're easily accessible and convertible.

 

[k1976]

Gold-backed currency is the holy grail. Creating a new currency takes a lot of planning and requires broad consensus. In the meantime using national currencies makes more sense as they're easily accessible and convertible.

It will create more trade distortion than solutions

 

[Eisenhut]

These BRIC won't have anything good when China is chairing.

They won't have the chinese market by themselves. China will out produce them .

Not true! China need women, they are in dire Need of puxy to satisfy their male population.

Brazil, Russia can provide the puxy! But india orh lulu ..i think cannot la

 

[congo9]

Not true! China need women, they are in dire Need of puxy to satisfy their male population.

Brazil, Russia can provide the puxy! But india orh lulu ..i think cannot la

That's why China men can move into Continent like Africa and Russia to get the pussies.

That's what the other Tiong Bu, They can only be prostitute.

 

[congo9]

China needs their raw materials and commodities. They need China's manufactured goods. Symbiotic relationship.

The African nation needs an outlet for their manufactured goods also. So are their services. That's why we call trade. That's what we call trade.

It is not just one side affair

 

[Eisenhut]

That's why China men can move into Continent like Africa and Russia to get the pussies.

That's what the other Tiong Bu, They can only be prostitute.

But why go to puxy when china csn let puxy come to them?