" BRICS developing new global reserve currency It will be based on a currency basket of the five-nation bloc, according to the Russian president © Getty Images / Jorg Greuel President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” he said at the BRICS business forum. According to the Russian president, the member states are also developing reliable alternative mechanisms for international payments. Earlier, the group said it was working on establishing a joint payment network to cut reliance on the Western financial system. The BRICS countries have been also boosting the use of local currencies in mutual trade. " In other words: FU U$D!
BRICS represents 3 billion people, almost half of the world's population. and one of them will be a superpower soon.
will it be on the blockchain lolz? Good luck with upcoming RICS once Lula boots that fascist wannabe.
They are trying to setup the biggest scam in economic history. Aside from B. , R.I.C. produce the biggest outflows in private wealth globally.These are the countries to start a new currency regime?
I think Turkey and Iran have applied for membership too. I think there was even one more country... Update: " BRICS Expansion: Five New Members in 2023? Following Russia's announcement of Iran & Argentina's BRICS membership bids, the alliance president reveals that Saudi Arabia, Turkey and Egypt have the same plans ... "