“Russia proposes a new international standard for trading in precious metals: the Moscow World Standard (MWS) which will become an alternative to the London Bullion Market Association (LBMA) which systematically manipulates precious metals markets to depress prices.

The foundation of a new currency system is being built together with trade being conducted outside of Western financial institutions and centers.

The backing for a token / digital currency?

Anyway, had to take a look to make sure I wasn't misunderstanding what "Global South" meant, as I didn't think it included Russia:

bitcoin

The Rise Of The Global South & The Foundation Of A New Currency System

User21000000

> “Russia proposes a new international standard for trading in precious metals: the Moscow World Standard (MWS) which will become an alternative to the London Bullion Market Association (LBMA) which systematically manipulates precious metals markets to depress prices. 

> The foundation of a new currency system is being built together with trade being conducted outside of Western financial institutions and centers.

The backing for a token / digital currency?

Anyway, had to take a look to make sure I wasn't misunderstanding what "Global South" meant, as I didn't think it included Russia:
 
https://en.wikipedia.org/wiki/Global_North_and_Global_South


