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Jan Nieuwenjuijs: Will BRICS implement a gold-backed currency in August?
By Jan NIeuwenhuijs
Gainesville Coins, Lutz, Florida
Friday, July 14, 2023
Aside from speculation, there hasn't been official confirmation by any BRICS nations that they will either issue a new currency backed by gold or peg their currencies to gold any time soon.
Although it's likely that discussions are going on among BRICS nations to create a new currency, no agreement has been reached and policymakers are denying that the new currency is soon to be launched.
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Current talk about a new currency -- suggesting a gold standard will be implemented in August at the next BRICS summit -- should be treated with skepticism. ...
... For the remainder of the commentary:
https://www.gainesvillecoins.com/blog/brics-gold-backed-currency-august-2023
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