BRICS Nations forming USD alternative.

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The Ainslie News Podcast

Ainslie

406 episodes

6 days ago

Daily gold and silver economic news conveniently delivered in audio format. Ainslie Bullion is one of Australia's leading gold & silver bullion dealers, since 1974. With our live pricing, historical price charts, and huge range of gold, silver and platinum. Ainslie produce and sell our own range of gold and silver bullion offering world class products at 'local' prices.

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BRICS Nations forming USD alternative.

The Ainslie News Podcast

4 minutes 30 seconds

3 years ago

BRICS Nations forming USD alternative.

With China, India, Brazil and South Africa wondering if they will be next in line to suffer sanctions, the BRICS nations are forming a viable alternative to the US Dollar for international settlements. Speaking at the BRICS Business Forum on Wednesday, Putin stated
“The matter of creating the international reserve currency based on the basket of currencies of our countries is under review.” This is the most formalised movement towards a global environment that functions largely without the US Dollar. Saudi Arabia has been in talks for most of the year to sell Oil denominated in Chinese Yuan, and Nigeria is already making those trades.

https://www.ainsliebullion.com.au/gold-silver-bullion-news/brics-nations-forming-usd-alternative/tabid/88/a/2793/default.aspx