02 octombrie 2022

BRICS holds talks on reserve currency – diplomat


The group is reportedly set to develop alternative payment mechanisms to shift away from the US dollar and euroThe BRICS countries are working on establishing a new reserve currency to better serve their economic interests, ambassador at large of Russia’s Foreign Ministry Pavel Knyazev said this week. It will be based on a basket of the currencies of the five-nation bloc. “The possibility and prospects of setting up a common single currency based on a basket of currencies of the BRICS countries [...]