BRICS plans to introduce new gold-backed currency
BRICS is set to introduce a new currency backed by gold, in contrast to the credit-backed US dollar, with the decision coming a month ahead of the bloc's summit in Johannesburg. With the growing initi...
Source: Russia Today
Kek
What did u expect? CNN ?
Something something something
kek
Of course not. I expect nothing else from Russia Today.
It's just Russian propaganda. This will never happen. At least not in the way it's presented. It's impossible to back a currency with gold only.
Who claims the right to establish currency and legal tender, and how is that right derived, exactly,