Are BRICS Really Planning A 'Common Currency'
Image Source: Unsplash
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
More By This Author:
Inflation Has Bottomed, Fed Must Soon Cut Into Rising CPIZimbabwe Considers Gold To Back Its Currency
'Managed Money' Is Now Short In Silver
Disclosure: None.
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
