Brics Ignore Us Dollar Develop New Currency Backed By Gold

Last updated: June 9, 2025, 22:59

Brics Ignore Us Dollar Develop New Currency Backed By Gold

While Russian President Vladimir Putin

While Russian President Vladimir Putin has suggested hard assets such as gold or oil, a new BRICS currency would likely be backed by a basket of the bloc's currencies.

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As tensions with Russia and

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As tensions with Russia and China escalate, the so-called BRICS countries (Brazil, Russia, India, China, and South Africa) are preparing to strike a blow against U.S.