A group of economically-aligned nations known as BRICS is reportedly hammering out the details on a new global currency designed to drop dependence.
The Chief Financial Officer of the New Development Bank (NDB) of the BRICS economic coalition, Leslie Maasdorp, revealed in a recent interview the.
According to the CEO of Russia’s VTB Bank, Andrey Kostin, the US dollar’s status as the dominant global currency is at risk due.
South Africa’s foreign minister says a group of economically aligned nations known as the BRICS will investigate if a new global currency will.
The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are a bloc of economically similar countries that have been making.
According to a former White House economic adviser, a BRICS-issued currency may challenge the US dollar’s supremacy in international commerce. According to Joseph.
There are currently 24 countries looking to form a strategic alliance that will compete with the United States dollar’s position as the reserve.