Is BRICS’ new gold-backed currency imminent?

Quick Summary:

With BRICS' expansion comes its ambition to create a gold-backed currency that would challenge the U.S.dollar and euro, a significant evidence of a changing era of globalization.

The post Is BRICS’ new gold-backed currency imminent? appeared first on CoinGeek.

With a recently expanded lineup of member countries that now includes Egypt, Iran, Saudi Arabia, Ethiopia and the United Arab Emirates, the block is said to be considering applications from a further 30 states.

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Article Details

Author / Journalist: Gavin Lucas

Category: Crypto

Markets: CanadaAustraliaChinaEgyptEthiopiaHong KongSaudi ArabiaUkraineUnited Arab EmiratesUnited States

Topics: Stablecoins Finance BRICS USD

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 09:00:00 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: coingeek.com

Language: English

Article Length: 622 words

Reading Time: 4 minutes read

Sentences: 31 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGeek

News ID: 22786501

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