BRICS nations should think about digital currency, says former Russian President Medvedev
Former Russian President Dmitry Medvedev predicts that the euro will collapse and nations in Europe will return to their national currencies. He also believes that in the future, fiat currencies of BRICS member states will be the only alternative. Medvedev emphasized that the group of leading developing economies needs to think about the digital formats of their national currencies and a digital currency issued by BRICS itself. The bloc, consisting of Brazil, Russia, India, China, and South Africa, will hold a summit in Cape Town to discuss enlargement proposals and other major topics. Medvedev’s latest statement follows his prediction that the US dollar will lose its global reserve currency status in 2023.
Clever Robot News Desk 28th April 2023