BRICS Makes Huge Announcement on Common Currency
The BRICS alliance is working towards the formation of a common currency for trade settlements to sideline the US dollar. Russian Deputy Foreign Minister, Sergey Ryabkov confirmed that the currency is on the table and will be a reality soon. He explained that the bloc is working on payment-clearing mechanisms, which will also include insurance systems for goods and cargo. He stressed that the BRICS common currency is real and will be unveiled to the world becoming an alternative option to the US dollar. “Not only it exists. It is not hypothetical,” Ryabkov said during a press conference when asked if the currency is a real idea. Also Read: India Rejecting BRICS Currency, Aims To Promote US Dollar BRICS Common Currency Will Include Safety Features Source: Cryptopolitian.com The Russian diplomat revealed that the BRICS common currency will include a variety of options to safeguard its users. The safety mechanisms include: clearing mechanisms, insurance systems, and insurance ...