By:Melissa Pistilli,First Published,July 8,2024 The BRICS nations are interested in creating a new currency to compete with the US dollar, and recently announced plans for a blockchain-based payment system. Learn about the developments thus far and how investors can prepare for the possibility. The BRICS nations, originally composed of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies. The potential BRICS currency would allow these nations to assert their economic independence while competing with the existing…
How Would a New BRICS Currency Affect the US Dollar? (Updated 2024)
