The BRICS are rolling out a gold backed currency next month to challenge the dollar.
💥💥💥 The BRICS single currency may appear on the eve of the summit in South Africa in August.
🇫🇷 The French newspaper Echos writes that the emergence of a new international currency will accelerate the process of de-dollarization. Today, BRICS accounts for a quarter of world GDP and 18% of world trade. This may be enough for “monetary ambitions to create a multipolar world that will not be dominated by the United States.”
🇺🇸 The American magazine Fortune wrote about the desire of such large countries as Saudi Arabia, Iran, the United Arab Emirates to accelerate the process of de-dollarization. The central banks of these countries in recent months have sought to convert most of their foreign exchange reserves from the dollar to gold.
By the way, the return to the gold standard in the new BRICS currency is also being discussed . The US, of course, does not like this idea. 💥💥💥
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