Russia wants BRICS nations to explore new trade currency

Russia aims to challenge the U.S. dollar’s global dominance as the primary currency by proposing that countries in the BRICS alliance consider creating their own trade currency.

Alexander Babakov, the State Duma Deputy Chairman, revealed this plan at the St. Petersburg International Economic Forum in India, which lasted for two days, Coingeek reported.

During the conference, Babakov urged India and Russia to collaborate in building a financial partnership that would eventually lead to the creation of a new shared currency.

"Russia wants BRICS nations to explore new trade currency"
READ MORE: https://coingeek.com/russia-wants-brics-nations-to-explore-new-trade-currency/

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