In an unmatched relocation that threatens to redefine the characteristics of worldwide trade and financial stability, the BRICS countries apparently prepare to introduce a brand-new trading currency, backed by gold, at their upcoming top in August in Johannesburg, South Africa, according to Russia’s Foreign Ministry.
The choice, reported by RT News, marks a strong relocation far from the United States dollar, the world’s existing international reserve currency.
The BRICS group, an association of 5 significant emerging nationwide economies consisting of Brazil, Russia, India, China, and South Africa, has actually recorded the world’s attention with this strategy. Over forty-one nations have actually revealed interest in signing up with the BRICS effort and embracing the brand-new currency, highlighting the growing discontent with the United States dollar’s worldwide supremacy, thanks to Joe Biden.
According to Russia’s Foreign Ministry, if African countries likewise reveal interest for this gold-backed currency, BRICS subscription growth might be an essential conversation point at the upcoming Russia-Africa top this year.
Russia’s embassy in Kenya published the following declaration on Twitter:
” The BRICS nations are preparing to present a brand-new trading currency, which will be backed by gold. A growing number of counties just recently reveal desire to sign up with BRICS,” the embassy composed.
The BRICS nations are preparing to present a brand-new trading currency, which will be backed by gold.
More and more counties just recently reveal desire to sign up with BRICS. https://t.co/lMKTd4FlnT— Russian Embassy in Kenya/ Посольство России в Кении (@russembkenya) July 3, 2023
This relocation towards de-dollarization represents a prospective end to the United States dollar’s reign as the international reserve currency. The effects of this shift will unquestionably unfold in the coming months, meaning completion of an age of United States supremacy and the start of a brand-new age of financial stability and success for BRICS countries.
Russia validates that they are introducing a BRICS currency backed by #gold
It will be on the program at the BRICS South Africa conference in August. Numerous other nations have actually used to sign up with BRICS.
De-dollarization is speeding up.
— Wall Street Silver (@WallStreetSilv) July 8, 2023
The post Russia Confirms BRICS+ Nations Will Launch New Joint Gold-Backed Currency to Counter United States Dollar Dominance (VIDEO) appeared initially on The Gateway Pundit
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