Russia Confirms BRICS+ Nations Will Launch New Joint Gold-Backed Currency to Counter US Dollar Dominance (VIDEO)
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,
