BRICS developing global reserve currency – Putin ...News

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BRICS developing global reserve currency – Putin
source : Russia Today ( News ) () 9
It will be based on a currency basket of the five-nation bloc, according to the Russian president President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” he said at the BRICS business forum. According to the Russian president, the member states are also developing reliable alternative mechanisms for international payments. Earlier, the group said it was working

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