Upcoming BRICS Currency Gains Momentum: Ex-Russian Minister Foresees Appeal Surpassing US Dollar, Pound, and Euro
Former Russian minister Sergey Glazyev has revealed that a unique BRICS currency is nearing completion and awaiting political support from member nations.
Glazyev stated in an interview that the technical aspects, including software and mathematical tools, are ready for implementation. Several BRICS countries have already expressed their support, and Glazyev believes that Russia. As the presiding country next year, can persuade other nations to approve the currency.
He emphasized that the new currency would be backed by a combination of national currencies and exchange commodities. Making it highly stable and more appealing than the US dollar, pound, and euro. Glazyev, who served as Russia’s foreign economic relations minister and a State Duma deputy, is optimistic about the currency’s potential attractiveness and stability.
Clever Robot News Desk 6th November 2023
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