HomeWorldFormation of single currency within BRICS not possible at the moment: Kremlin

Formation of single currency within BRICS not possible at the moment: Kremlin

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Published November 06,2024


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The formation of a single foreign money throughout the BRICS is “not possible” in the intervening time, Kremlin spokesman Dmitry Peskov mentioned on Wednesday.

Speaking at a discussion board in Moscow, Peskov mentioned the BRICS Leaders Summit in Kazan final month was extraordinarily productive, with vital outcomes achieved by in depth negotiations with a lot of friends.

He identified that whereas cooperation in finance and economics was additionally on the agenda on the summit, there was no vital dialogue concerning the creation of a single foreign money inside BRICS.

On the opposite hand, all nations perceive that the world’s reserve foreign money, the U.S. greenback, can be utilized as a political instrument in opposition to them, or that the “SWIFT payment system can be used as a tool in attempts to suppress one of the states in the world,” the Kremlin spokesman mentioned, including that not all nations are but able to cooperate in establishing another fee system.

Because of this understanding, he mentioned nations have begun to work extra on growing another fee system.

Source: www.anews.com.tr

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