BRICS nations announced a new currency designed to replace the dollar.The creation of this new gold and commodity backed currency will be discussed at the BRICS summit this August.
BT’s Kei Pritsker explains how this new currency could overturn the hegemony of the US dollar.
If anyone is a commodity trader, please tell us where to buy this. Having a currency that is backed by gold, the BRICS countries and the loss of US petrodollar seems like a good thing to have rather than dollars or euros.