pull down to refresh

you shouldn't expect them to proclaim their own currency at this point. but they have been hinting for months that there will be joint bilateral actions, a settlement system that will include gold etc etc. i think the direction is clear, a further de-dollarization ofthe brics

They will be backing up their own currency with gold, not brics.
China will put in 10 billion USD, or the equivalent in their currency.
So in fact, brics isnt backed up by gold...

reply

I've been hearing about the BRICS for so long... I wonder when it will be a reality

reply

Their meeting should be coming up soon, right?

reply

Yep. This summer.

reply

Thanks both for the info.

reply

Depending on all the members economies, it will be an interesting meeting.

reply