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⚡️⚔️☠️⚔️ BRICS Currency Could Become Game Changer For Dollar-Dominated Financial System
While more and more countries seek to break away from the international banking system focused on the US dollar, creating a common BRICS currency is likely to top the agenda of the South African summit and spark many discussions and hopes. RT correspondent Donald Courter explains.
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🧱🇷🇺 BRICS discussing trade currency, alternative to dollar according to Russian Finance Minister.
The BRICS countries are discussing the possibility of creating a common unit of account alternative to the dollar, Russian Finance Minister Anton Siluanov told during the BRICS summit.
"This can be a unit of account for the BRICS member countries. Not a single currency like in the EU but an alternative to the dollar, in which the cost of commodity deliveries can be denoted as well as benchmarks for some goods so as not to depend on the single currency or an issuing center that issues banknotes in a no-one-knows-how manner," the minister said.
Brazil president Luiz Inacio Lula da Silva have already expressed his support towards the trade currency for BRICS countries.
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🇦🇷 Argentina will not join the BRICS group; Alberto Fernandez has renounced participation in the summit
Alberto Fernández, Argentina’s President, has opted not to attend the XV Summit of BRICS taking place this week in Johannesburg, South Africa.
Official sources confirmed on Monday that Argentina’s integration into the BRICS group is not on the horizon, writes EFE agency in its latest report.
Without potential membership, Argentina misses the chance to access immediate loans from the New Development Bank of BRICS.
🔎 Source (https://www.riotimesonline.com/brazil-news/mercosur/argentina/argentina-will-not-join-brics-group-and-alberto-fernandez-desisted-from-participating-in-summit/)
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