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.
Which national currency exactly, I don’t think BRICS like the idea of using RMB too much, it’s just weaponizing another currency to replace the current one.
Currencies, plural. National currencies of BRICS members