India Stuns Russia on BRICS Currency

Become our official member and support us: On one hand, there are several recent media reports which claim that BRICS countries are planning to roll out goldpegged currency. In fact, Russian media has been making this claim for almost a year now. Russian leader Vladimir Putin said in June last year that BRICS was developing a new global reserve currency. Russian state media this week declared that BRICS currency would be the top agenda in the upcoming BRICS meet. But, Indian foreign minister S Jaishankar earlier this week rejected all those claims. outRIGHT,