YOUR GATEWAY TO INDONESIA AND SOUTHEAST ASIA
Search
xxx hd
No image

BRICS holds talks on reserve currency diplomat

The group is reportedly set to develop alternative payment mechanisms to shift away from the US dollar and euro

The BRICS countries are working on establishing a new reserve currency to better serve their economic interests, ambassador at large of Russia’s Foreign Ministry Pavel Knyazev said this week. It will be based on a basket of the currencies of the five-nation bloc.

“The possibility