Russia Confirms BRICS+ Nations Will Launch New Joint Gold-Backed Currency to Counter US Dollar Dominance
In an unprecedented move that threatens to redefine the dynamics of international trade and economic stability, the BRICS nations reportedly plan to launch a new trading currency, backed by gold, at their upcoming summit in August in Johannesburg, South Africa, according to Russia’s Foreign Ministry.
The decision, reported by RT News, marks a bold move away from the US dollar, the world’s current global reserve currency.
The BRICS group, an association of five major emerging national economies comprising Brazil, Russia, India, China, and South Africa, has captured the world’s attention with this plan. Over forty-one countries have expressed interest in joining the BRICS initiative and adopting the new currency, highlighting the growing discontent with the US dollar’s global dominance, thanks to Joe Biden.
According to Russia’s Foreign Ministry, if African nations also show enthusiasm for this gold-backed currency, BRICS membership expansion could be a key discussion point at the upcoming Russia-Africa summit this year.
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So the rumors concerning the establishment of a currency backed by gold have been confirmed. A timetable for its public release is currently not mentioned. If it were me, I would release it with no advance notice for maximum impact. There is no mention of the part Saudi Arabia will play in this release but the acceptance of another currency for oil will add to the economic impact in the West. Plan accordingly and think shiny.
David DeGerolamo
Source: https://ncrenegade.com/russia-confirms-brics-nations-will-launch-new-joint-gold-backed-currency-to-counter-us-dollar-dominance/
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Whistler Blowers, Insiders
that lowest of the low creatures yellen was in China trying to buddy up the Xi.. lets hope she was told where to go