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Over the past year, there's been a lot of speculation in regards to what the BRICS may be planning in regards to a new currency system.
Leading up to last year's BRICS meeting Jim RIckards had speculated that they would be going to a gold-backed currency. Which of course has not happened yet.
At the BRICS meeting Russian Foreign Minister Sergey Lavrov said 'Nobody is talking now about a “common currency.' Although Russian economist Sergey Glazyev has made other comments that give a different impression.
So what's really happening?
Video Length: 00:32:42
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