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+--- Thread: BRICS developing new global reserve currency (/Thread-BRICS-developing-new-global-reserve-currency)
BRICS developing new global reserve currency - Levin - 23-06-2022
22 Jun, 2022 15:19
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the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency.
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the member states are also developing reliable alternative mechanisms for international payments.
Earlier, the group said it was working on setting up 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.
https://www.rt.com/business/557627-brics-developing-global-reserve-currency/
RE: BRICS developing new global reserve currency - Niubee - 23-06-2022
This should be the way. Putting all egg in America basket is unwise.
Hard to convince a troublemaker..