Russia Confirms Brics Is Creating A Currency Backed By Gold

Last updated: June 10, 2025, 18:36

Russia Confirms Brics Is Creating A Currency Backed By Gold

Putin Confirms BRICS Developing Independent

Russia Confirms BRICS is Creating a Currency Backed

Russia, other BRICS nations planning new gold-backed

What Happened

Russia Confirms BRICS Will Create A Gold-Backed Currency

What Happened: Brazil, Russia, India, China and South Africa, a coalition of nations going by the moniker BRICS, is set to introduce a new currency backed by gold

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The physical gold holdings would

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The physical gold holdings would be recorded as assets on the balance sheet of the BRICS Bank and could be denominated as “BRICS gold,” with each unit representing