The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies. (www.nasdaq.com)

submitted 6 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] frauddogg@lemmygrad.ml 12 points 6 months ago

and not a currency for everyday transactions.

For now 😌🙏

[-] huf@hexbear.net 6 points 6 months ago

i would hope that, having seen what the euro is like, no sane country would ever choose to voluntarily hamstring itself again by giving up control of their currency

this post was submitted on 13 May 2024

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