the protests be arrested as they have labeled the event as an attempt to protest this claim to stand for the independence of georgia as well as traditional family values. a conservative movement party leader says that people in the streets see the march as a means of self defense. the main goal today was just to preventative meeting for the purpose of self defense. the national movement in the groups fighting ukraine who have now arrived and represent defenders of pro western forces . i'm the national the when are threats and have begun to mobilize people to stage a demonstration of force and attack our office. this is why we had a clear firm position in relation to radical pro western actions which took place last week. why before we wrap up with ours, why program participants, all the international movement of russo files have gathered here in moscow, essentially determined to resist a western campaign of bruce, a phobia supporters from 40 different countries have gathered a bid to encourage more friendly ties with russia. and present the country in a more positive light, a mother agnes,

one of the attendees. i'll be events says rosa phobia is often illogical. hate and such events, such as the one today in moscow where the good to encourage international dialog politics either a base or we can say this gratefully database on waking hates hates and sometimes out of logic, this event is a to get her intellectual and could children affinity, a shed word out of any antagonism into perspective of peace and international, diana. just about doing it for now. here. what are you to natural from all of us here. thank you very much for sharing your time with us here on the russian camp. but we are back with

what we've got to do is identify the threats that we have. it's crazy confrontation, let it be an arms race group is on often very dramatic development. the only personally i'm going to resist, i don't see how that strategy will be successful, very critical time time to sit down and talk with ah, the

we still have a few countries that to one to be the global edge a month. and that is what the i resisting. so publican godfrey's of always had said that it really comes to colleges because we rely on the us dollar. we don't one to one or 2 countries determine all future for now. you see with jeffrey sets 2 weeks ago, speaking on the public platform, said that ukraine is fighting a proxy walk between russia and usa. the age of d dollarization has begun. it's time for a global we sit. africa has grown weary of wisdom, dominance, and foreign currencies. the search for alternatives to the dollar, and frank is gaining momentum. accelerated by the conflict in ukraine, which brought home some hard truths. hello and welcome to the sweet african now. so we're coming to you from the heart of south africa's financial district and the

most expensive way now in africa. behind me is the johannesburg stock exchange, which is fitting for program, exploring africa search val turnitin, to western currencies. the french frank and the u. s. dollar have long played an out sized role in global markets. the cracks are starting to appear. african countries and central banks are not holding these currencies in the reserves to the extent that they once did ricks countries. in particular, brazil, russia, india, china, and south africa are working on moving away from dollar based economies as they take greater ownership of their interests and other nations are warming up to the idea as bricks. ambassador annual explained mister investor, thank you so much for having this interview with us on africa. now. one of the topics we've been looking at is an alternative currency to the american dollar.

would you describe the bricks, development bank as that being part of its vision? we'll look firstly, thank you for having me. i think the issue of alternative currency has come to the fall in recent times as a result of the russia ukraine situation and the unique natural sanctions. and all of us have been impacted by that, especially in the financial sector because of the domination of us dollar, in terms of global trade and over financial transactions. we have been talking about this for sometime within brakes that we should be able to shade and interact with the not on currencies. we should be able to borrow from our end d, b with an own currencies. and this is happening. you would have seen that in the annual report of the president of the bank last year,

outlining the vision of the bank $22222.00 and $6.00. that at least 30 percent of lending will now be in local currency. and i think that's a major step forward in terms of bank diversifying it's lending portfolio. so the building blocks of us relying more on our own currencies and winning ourselves away from just one or 2 currencies. i think that has always been the vision of bricks and i think the circumstances prevailing as a result of the electoral sanctions and the pain, all of us are feeling not just bricks countries, but especially developing countries. it makes perfect sense, and that's why you see this is not a conversation just amongst bricks countries a conversation amongst the larger global soft. we still have a few countries that one to be at the global edge a month. and that is what the resistance we don't want one or 2 countries

determining all future. we want to be able to sit collectively with all the powerful they're not so powerful. and also those that don't have the necessary and elements to sit at the high table. the un, when we make lofty speeches as global leaders, that we must be inclusive, will build an inclusive global community. but when it comes to the crunch in practice, we see something totally totally different. and it is the countries of the global south countries of africa, the o. this is the small island states that the most as a result of these selfish actions by a few on the many he mention to use your words, the pain of developing countries. these are the sanctions. can you elaborate a little bit on the well look what the sanctions did to us. it created a crisis on the global markets. we had the rise in inflation. levels of

inflation unseen for indicates was in depreciation of currency. we have seen the fluctuation of currencies, and we have seen how this is also causing pain to the ordinary person in terms of food security. in terms of energy security, in terms of global supply chains been disrupted in terms of, of the investments into other countries. these are being impacted as the result of your new lateral sanction. so the union lateral sanctions is not hurting one country that is directed to what it will live in an interconnected globalized load. the action of, of one is impacting on nearly all of us in a very negative way. i had this idea that the bricks development bank was going to

come up with one currency, almost like a books currency. but when i listen to you, what i understand is, it's not necessarily going to be one currency. it's going to allow countries to trade in a convent currency. so we will have a whole host of come and we'll have a basket of currencies. but we want the basket to be probably best to include the currencies of the developing world, including the brits countries and not dominated by 2 or 3 as is as it is thus far. and going into the future, the world has changed. bricks is not in competition with any grouping or any part of the world. what bricks is asking for is, let's every, the playing field. the playing field of 1945 when the united nations system was formed is vastly different. most of the countries of the developing world in 1945 was still under colonial road. and when we are saying we need to reform in culver

multilateral system. and therefore, we are saying this is the major thrust of bricks, and that's why we finally got them into the global stock. because the global salt, conch new fields feeling marginalized and the decisions are taken for them rather than them being part of the decision making. and that's what we are saying, we want a multi polar world, multi civilizational world, a world where all of us are respected and o inputs and views are valued and that we are part of decision making. all we witnessing the decline of the dollar. well, you should be able to answer that question. it's all over the, the global media, more and more countries, the fact that countries and these major emerging market developing countries like india, china, i've seen some of the middle east and countries are now also moving in that direction. trading in the own currencies. what does it say that more and more

countries are saying that they want choices and they want to be able to trade in their currencies? so i think you're going to see more of this rather than less, which is say the, the roof you're talking about is a safer and more diverse option for countries to invest in rather than in the us dollar. and i'm talking specifically here, african countries. well, look, i think we want a diversified bucket because you can't put all of your eggs in one basket because when you have a crisis and those excess cooking, you are there. but if you are diversified, you still have a safety net. and i think this is the direction the world is moving and not just in restructuring the global financial architecture, including in the way we conduct business between ourselves as, as governments and as private sector. but also in terms of a more equitable distribution of what is happening on the global stage on the

political security, financial, economic saving architecture altogether, what countries would still prefer to maintain the status of the us dollar? well, i would think that the allies of the us would one that but what we are seeing in the global south, and maybe i could use the example of bricks expansion. interestingly, we were the 1st country to benefit from brooks expansion because we were not there the launch of bricks we joined for the 1st time, the 2011 summit insomnia and china. and over the years they've been one or 2 countries each year saying they're kim joining last year. last year you had over a dozen countries from the global self. and i mean, major emerging market developing countries,

formerly writing or informally approaching bricks. leaders saying they want to become members of bricks. now why the sudden rush, why the sudden rush grew? obviously we are doing something right in bricks, in terms of what we are focusing on in terms of what we are championing in terms of creating a more critical, inclusive, transparent, and global governance architecture. so i think that that clearly illustrates that the bricks leaders moving in the right direction in terms of new global order and your cobra community. we'd like to see, i think, you know, as much as it is spent 4 times. it's also a time for us as he international community to be creative and work towards peace because that should be the underlying aim for all of us. we want a peaceful, global order, but unfortunately, what we are seeing is

a graph. and this is what is causing destination and conflict in the world is a few nations wanting to be the head a month off, international community. and that's not going to happen. the world is vastly changed. as i said, you have major developing countries, india and china bricks a console, 40 percent of the global population. we are 40 percent of the global population. we are 25 percent of global g, d p. and again, just referring to jeffrey sex, jeffrey sex, pointed out that the briggs economies is bigger than the g 7 economies today. and birds continues to grow. you saw the i m f world bank predictions in terms of global growth this year. europe is in serious crisis, some may even go into recession. china as expected to grow, at least between 5 and 6 percent. india is expected to go 6 percent plus and despite the challenges in russia, russia is also expected to have positive growth. so here's the brazil,

i think you are seeing a research in brazil under president lula as one of the men architects of bricks. so i think that's also good news for bricks and of course, south africa. it's not just about everything for us. bricks is also about africa. so yes it's, it's, and i think it's an opportunity to be sharing bricks. it's a difficult, dear. what is the voltage on the t i c a to z for in that for bricks and on that positive? no, thank you so much for joining us and for giving us of your time. my pleasure. thank you so much. as the minimum enthusiasm public grows, it's not limited to the financial fear, but it's also impacting other industries. the world's only film festival. that place is a special focus on bricks. countries is making a comeback. this year. it's yeah. at the university of to hundreds big in south africa. it's focus is on shaping the future and forming room bus partnerships

armstrong, time amongst bricks, countries, the festival showcase of the long and short films, exposing produces to international audiences, setting the tone for future collaborations that briggs love of countries don't have much p r to do ok, france needs be, are, you know, made it nice. come international. first of all, america. nice off guys. you know, because they got on brutalizing people. so it's easy for them to fund things that make them look good. but you come to set up as a funds need to create a con peter oscar. it's like what for we got to feed people who are going to build roads. so just being around, this is quite an achievement because it's not a proud it will not be trying to do that said, i think good countries should also have good p r. so that they remind each other that you know, they've got things beyond just politics and starts. but at this stage it's hard to

fail. how do you get to sell your film in america? if you become a foreign language when off gum, maybe you get a few more screens, but the, the lie is come to us to get your phone going. but the truth is, you're not going to get much if you go there. so if we start to collaborate more, have more strings of our own, that would we, we put our own fill them in my in charge a ride for people to watch them. maybe a really big business as an economy block and a jewel political block. the idea of meeting financial needs and local currency, it's reverberating across the continent. we know that we can get from 200. it's clear that with the currencies are starting to do the value. and the story was within most african countries. and this is led to the desire amongst many africans to sought seeing value and supports their own currency that we ought to date and the streets of ter, hatnus africa when most trade is in this country from many parts of the african

continent. and with these courtesies and lots of foreign thing with them, i demand is with the gun pullman. now even those that african currency is of the rand we, as africans, we understand the value and the way to that each, the current through africa carrier was involved with currency emissions or louis kin fears about with many africans and are starting to see the importance and the value of the own current, but not everyone is having many currencies in one country would actually mess up our economy. okay. so we need one currency, whether it being crypto currency, but we need one currency for the whole of africa,

not just south africa. it's the only question that remains is of what can be done to make sure that we maintain and uphold our own currency to the same level as waste. in covington, for r t abnormal, we'll call and get into hands. but among the most prominent african countries moving away from traditional colonial plates, currency is south to dan. interestingly, the international monetary fund has expressed support for the tuba government efforts to curb the u. s. on his dominance in local transactions and contracts as part of moves and aimed at maintaining the high cost of living as a sauces, any citizen i am requesting that in or out businesses and exchange practices. we must use our local pound because we have a currency that represents as everywhere you go, people are using the dollar in hospitals in markets. every way there needs to be a solution, but i don't know what the solution is heat, but surely we should be able to use our own currency that makes sense for the lives

of self to the nice people. so the citizen, those kind of get to use a lot of we don't want that anymore. use a local currency, will enable us to do more market activities without any change from i got to anything else. so using a local currency would be very important. the key to moving away from the dollar lies. yeah. the good news is that african countries and already taking significant, it was easy financial payments and paid him for mobile pay says where healy for money is a mobile phone base transfer payments and micro financing service. our taxi driver took us for a drink and explained how it works in a day. that's more important. exactly. so you are

a taxi driver. yeah. how has some help to you in your job? it has been convenient because i'm able to give change to my client. amazing. all one. pay my little walk out of the car to go and look for change to for my client, you get the change to me. yeah. because if you pin me through and you can pay through me, continue to guys, i give you tint on and so it has mid transaction cities and also to the 5th time and safer, unfair for much for taking out something to drink yoke. and i appreciate you paying, you're most welcome. so this to number is the one who comes in, they said to us will be through this number. so this is not the case, the number for this restaurant for this list. ok, so you go to your phone. we're going to go to my in pisser on my phone, which is an app which is not. and then from barely pin

a pin really quick can pin a letter to go directly to your, to the account, what they want me to pay directly account. but no, no case, no, we are going to to this the ocean, bye bye good and services because you're buying these for these good fit. so i'll touch on bag with and services amino antilles to number. it will give me the option to enter the amount. okay. $9900.00 and then i would say ok, and then it will give an option for my, my own pin. that's a separate pin that i still not even if you went before that. so masking, you shall not look with. so it's to even move this to my phone, but you have to have a cell phone. you have to holler cell phone now. and does everybody, can you have a cell phone? yeah, i have to almost have it on half a cellphone in the house. would it but has a cell phone so even among,

for communities, you might not have money in open pace account which will have a cellphone with an m p. sec. yeah. can you sure he can pull it through their confirmation. so now we've paid mercy of paid. thank you so much for the service. and sometimes it was really nice. yeah, almost a joke. thank you for, for a long time, african countries had struggled with infrastructure problems, which have made financial services less accessible in the move away from waste and currencies. a growing number of countries are now looking at crypto currency as a viable alternative. if you can just start by explaining to as what exactly crypto currency is, because a lot of people talk about the block chain, but coin and a theory him what exactly are we talking about? so cooper currencies are independent currents, is we're going to think of them as any other currency for the 2nd big con, for example, you can think of it as the u. s. dollar. the same way you can think about the south

african rand or the russian rolo. the difference is group occurrences, arnold attached to any country. now why do you think african countries are taking this particular route? would you say african countries are trying to wean themselves off western currencies perhaps so african countries have always had a disadvantage when it comes to currents is because we rely on the u. s. dollar. and several other hor, occurrences in which these currencies are printed by the western countries. and also the payment infrastructure is controlled by their so the payment was make it, make it impossible for a lot of africa to transact at global level. i'll can give you a simple example each and every african has a difficulty simply interacting with the neighboring country. like africa is the most disconnected continent in the war. like it's so expensive to send money from

one country to another country. or would you say that african countries a time to wean themselves off of western currency? yeah, it's possible you are in a growth of stem coins in several places, luxurious zimbabwe, where there is a lot of for it problems. it's so difficult to get all of us daughters, and what a lot of people started doing is simply get auto some u. s. t t. in your own view, would you say you are in, for support of african countries making as particular move you are so difficult for africa to work online. it is too difficult for both right now we're to not use good to currency. right? which means a lot, a lot more people are more confined into their local jurisdiction. so if you are, if you live in a country that's, that has 48.7 unemployment rate, it means that you cannot escape it if you don't have the means to connect to the global economy. whereas if you keep the current, so while it, well,

you can get online, there is no unemployment online. you can get a job as a math teacher, teaching some kids in mongolia or in russia or in australia somewhere, and get paid to currency. but also admins, us, more africans now can conduct an e commerce which also hasn't been very difficult because with a payment get way which i referred to as the economic path. i'm, but a lot of africans don't have the means to do trade. now you can open an e each door online settings, a product offering a service, and you can start getting paid with cryptic currencies. and this takes literally less than 5 minutes to set up. you don't not, you don't need to sign in a forms or make any of applications. is as easy as downloading your, what's happened, a phone number, and you're ready to go. now, some people believe that africans, under davila infrastructure. perhaps that makes it a stung victor for crypto carries these, but some in fact a lot of people believe that that's the actual reason why it wouldn't work. what's

your take on one of the lack of infrastructure for the current legacy system is the current is for more africans to adopt to currency. and this is because of how the text belt. so for legacy infrastructure you mostly, you have to invest a lot of locally in infrastructure because it's either servers or a lot of the you need a lot of investment to come in your country and set up the visit. you make a lot of these things work. that's why i wrote the services. even payments are very expensive. these are blocks and best acknowledges. it's already designed through the incentive models. do allow people to just use and pay a small fee and the provider of the service is better to widen by anyone in the world. because for the circle be going to look at the core mind. it can be done anywhere in the world. but in one, so in wide individual who is a provider of the infrastructure. in other words, if you are confined to say,

one entity, a company to provide the infrastructure for, let's say payment get way over. if you get consistent, you're not forcing yourself to allocate a whole lot of capital by one provider to get something done. and this makes the prices of infrastructure or the services to go. ringback to go up, but of course the infrastructure held for more adoption. we need developers on in the system that can be beauty, these technologies, and for that to grow really fast. we need good infrastructure. so it's really an excuse to not beaut infrastructure, but it is a live frog to basically cut corners and get to says places much faster that we would if we had to use the traditions of growth or infrastructure. well that brings us to the end of this week, so we hope you enjoyed it. you can always catch us on our social media handles. if you missed last week, show week story after custodian heritage,

much of which can be found today in museum in the western world and television from the heart of the financial district. what the space another day, another dollar is changing. ah ah

ah, with the headline danasia, the national, as vladimir putin says, the west is attempting to diminish russian strength by using terrorists and former soviet republics to target the country. despite, as he said, moscow's attempt to maintain washington would rather destroy ty, one's semiconductor industry than let it fall into china's path. if indeed, beijing would who attack the island. that is the message from a former u. s. national security adviser. the federal reserve must decide whether to continue raising interest rates to say banks or a.