Concerns Raised: Russian Official Warns Against Early BRICS Unified Currency
Russia’s Deputy Foreign Minister Sergey Ryabkov recently stated that discussions on a unified BRICS currency are premature due to significant differences in financial regulation among member nations.
He emphasized the bloc’s focus on enhancing financial sovereignty and utilizing national currencies for trade instead. Ryabkov noted that finance ministers and central bank governors are exploring mechanisms to strengthen interconnected financial markets and reduce external vulnerabilities.
Clever Robot News Desk 8th October 2024
