BRICS unveiled a mock-up of its anticipated currency at the Kazan summit.
The currency, aimed at reducing reliance on the U.S. dollar, may use a mix of gold and member currencies for backing.
A mock-up of the anticipated BRICS currency was showcased at the alliance’s ongoing summit in Kazan, Russia. Russian President Vladimir Putin presented a “BRICS bill” that shows the flags of the five countries: Brazil, Russia, India, China, and South Africa connected as one. The displayed currency seemed to be a note of 100 with some flags at the back, which may indicate the interest of countries like Mexico, Egypt, Nigeria, and Bahrain.
JUST IN: Russian President Putin has been gifted a mock-up of a „BRICS bill” at BRICS summit in Kazan. pic.twitter.com/gP08KKkRUy
— BRICS News (@BRICSinfo) October 23, 2024
Although the BRICS countries are yet to set an official date for the introduction of this new currency, it has been among their top agenda for discussions for years now. Chinese Presid
