Russia Confirms Brics Is Creating A Currency Backed By Gold

Last updated: June 11, 2025, 22:57

Russia Confirms Brics Is Creating A Currency Backed By Gold

What Happened

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

Russia, other BRICS nations planning new gold-backed

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

Russia Confirms BRICS Will Create A Gold-Backed Currency

Russia Confirms BRICS is Creating a Currency Backed

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