Russia, China, and BRICS Nations Plan to Craft a New International Reserve Currency – Economics Bitcoin News


Source: techtelegraph.co.uk techtelegraph.co.uk

Key Topics in this News Article:

News Snapshot:

While inflation data in Europe and the U.S. has risen significantly higher last month, Russia and members of the BRICS countries revealed leaders in the five major emerging economies are in the midst of “creating an international reserve currency.” Analysts believe the BRICS reserve currency is meant to rival the U.S. dollar and the International Monetary Fund’s (IMF) Special Drawing Rights (SDRs) currency. Vladimir Putin Reveals the Creation of a New International Reserve Currency at the 14th BRICS Summit — Turkey, Egypt, and Saudi Arabia Consider Joining BRICS During the last month, the West has been struggling with red hot...