On Friday, the Russian state-controlled channel RT confirmed that Brazil, Russia, India, China and South Africa, also known as the BRICS countries, will introduce a new trading currency backed by gold.
"Gold standard will be a great benefit to strengthening single currency".
The official announcement is expected to be made at the BRICS summit in South Africa from August 22 to 24.
This information has been first unveiled by Jim Rickards, who spoke of "the biggest monetary shock in 52 years", and then relayed a few days ago by the Russian Embassy in Kenya.
🚨 "The #BRICS group is set to introduce a new currency backed by #gold"
— GoldBroker (@Goldbroker_com) July 8, 2023
— RT (Russian state-backed channel)pic.twitter.com/FtsHjmleBh
Why else would the BRICS countries be accumulating gold for the past 13 years?
41 countries have applied to join BRICS. Dedollarization is accelerating.
It’s Official
— Willem Middelkoop (@wmiddelkoop) July 9, 2023
(According to Reuters):
The Russian government has announce it will introduce a (gold backed) BRICS currency in August’
And questions US Finance Minister Yellen about it .. https://t.co/mTaIxQEB2H
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