Russia Discusses BRICS Currency Before 2024 Summit
Russia’s President Vladimir Putin discussed the prospects of an upcoming BRICS currency ahead of the 16th summit. The upcoming summit is scheduled to be held from October 22 to 24 in the Kazan region of Russia. The nine-member alliance will sit at the table for discussions for the first time since the expansion in 2023. Also Read: 11 Countries Might Join BRICS in 2024 as ‘Associated Partners’ Putin emphasized the need for an alternative BRICS currency that will take on the US dollar and SWIFT payment system. He addressed the idea of the currency but confirmed that it is not fully developed. However, Putin hinted that the launch was not too far and could come as a surprise, similar to the new BRICS Pay card. Also Read: BRICS Settle 78% Oil Trade in Local Currencies, Ditch the US Dollar Russia Talks About BRICS Currency Ahead of 2024 Summit Source: pics.alphacoders.com In a press conference, Putin made it clear that the currency will not be launched at the 2024 summit. “As reg...