Putin: BRICS developing global reserve currency

Putin: BRICS developing global reserve currency from RT

It will be based on a currency basket of the five-nation bloc, according to the Russian president

President Vladimir Putin said on Wednesday that the BRICS countries – Brazil, Russia, India, China, and South Africa – are currently working on setting up a new global reserve currency.

“The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” he said at the BRICS business forum. [More below donations including several videos.]

According to the Russian president, the member states are also developing reliable alternative mechanisms for international payments.

Earlier, the group said it was working on setting up a joint payment network to cut reliance on the Western financial system. The BRICS countries have been also boosting the use of local currencies in mutual trade.

More at RT >>>

GNN Note – On our old website, The Daily Coin, we reported this for a number of years. We have been waiting since approximately 2015 for this announcement. Here are a couple of videos we produced when everything was beginning to shift.

The remainder of our video library can be found here >>>

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