The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies.

☆ Yσɠƚԋσʂ ☆@lemmy.ml · 5 months ago

The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies.

Amerikan Pharaoh · 5 months ago

and not a currency for everyday transactions.

For now 😌🙏

huf [he/him]@hexbear.net · 5 months ago

i would hope that, having seen what the euro is like, no sane country would ever choose to voluntarily hamstring itself again by giving up control of their currency