Tag: Brics currency
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BRICS currency: Will it work?
BRICS countries, such as Brazil, Russia, India, China, and South Africa, are deliberating the launch of a new reserve currency using blockchain technology to store and transfer digital tokens. It will be backed by their respective currencies. According to reports, the proposal has come from Russia, a leading member of the group as it seeks…
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Russia’s BRICS Currency Summit 2024: Big Replacing the US Dollar?
The summit is set to be attended by presidents from two dozen nations. In their opinion, this is the most significant event Russia has held for many years and is a message to the West amid wars in Ukraine. The annual BRICS currency summit began on Tuesday and is being held in Kazan, Russian President…