2023-07-03 05:49:03
The BRICS countries are planning to introduce a new trading currency that will be backed by gold. Discussion of this issue should take place at the upcoming BRICS meeting in Johannesburg on August 22-24.
Newspaper Fortune writes that the new BRICS currency will face serious obstacles before becoming a reality.
Over the past year, Russia, China and Brazil have moved to a wider use of national currencies. Iraq, Saudi Arabia and the United Arab Emirates are actively exploring alternatives to the dollar. So far, 88% of international transactions are conducted in US dollars.
The dollar accounts for 58% of the world’s foreign exchange reserves.
1688369090
#BRICS #countries #preparing #introduce #union #currency
