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Full Version: BRICS Nations Plan to Craft a New International Reserve Currency
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BRICS summit announced that the five-member economies — Brazil, Russia, India, China, and South Africa plan to issue a “new global reserve currency.”

“The matter of creating the international reserve currency based on the basket of currencies of our countries is under review,” Putin said at the time. “We are ready to openly work with all fair partners,” he added. Additionally, Turkey, Egypt, and Saudi Arabia are considering joining the BRICS group. Analysts believe the BRICS move to create a reserve currency is an attempt to undermine the U.S. dollar and the IMF’s SDRs.


“This is a move to address the perceived U.S.-hegemony of the IMF,” the global head of markets at ING, Chris Turner, explained at the end of June. “It will allow BRICS to build their own sphere of influence and unit of currency within that sphere.”

While the news of a reserve currency created by BRICS may be a surprise to some, specific accounts about the member countries countering the U.S. dollar have been reported on for quite some time. At the end of May 2022, a Global Times report noted members were urged to end their dependence on the dollar’s global dominance.
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The great tussle. Brics will win based on hard assets, resources.
(04-07-2022, 01:33 PM)kokee Wrote: [ -> ]china invite argentina & Iran to join BRICS, so fast, argentina currency crash to all time low now!! swee!!
inflation hit 60%, almost all the BRICS country is the same now, russia, Iran inflation is extraordinary high in double to triple digits!!
argentina get some money from china? china got money now? my foot!!
all these evil get together to threaten world & human peace only? these rubbish are our comie dogs here idol, lick & bark here 7/24!!
almost all the china OBOR brother also in same ships now!!












Argentina's currency hit an all-time low, inflation is running above 60%



all these know nut moronic comie dogs here.
BRICS almost all near bankrupt as reserved, why dont all these dogs dump all their asset & keep them in any BRICS currency? guarantee, none of these dogs will do it!!
All currency so weak against USD, all crash, India >80, CNH almost 6.8 now, Ruble as below already defaulted their bond & bankrupt!!
Turkey & Iran, near bankrupt!!





DEFAULT & LOSSES INCREASE as SANCTIONS Stop CREDIT DEFAULT SWAP Payments on Russian Bonds


(26-07-2022, 05:39 PM)kokee Wrote: [ -> ]all these know nut moronic comie dogs here.
BRICS almost all near bankrupt as reserved, why dont all these dogs dump all their asset & keep them in any BRICS currency? guarantee, none of these dogs will do it!!
All currency so weak against USD, all crash, India >80, CNH almost 6.8 now, Ruble as below already defaulted their bond & bankrupt!!
Turkey & Iran, near bankrupt!!





DEFAULT & LOSSES INCREASE as SANCTIONS Stop CREDIT DEFAULT SWAP Payments on Russian Bonds



Pitiful Shameless bankrupt ugly kokee howling 


Who let the slave kokee out woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof woof 

https://media.tenor.com/images/2c3726966...2FuZHJvaWQ 


Shameless Ugliest kokee
Coalition of countries with poorest governance highest corruption and least political transparency....
Sure you want to bet on them?