First published by Money Metals Exchange here: https://www.moneymetals.com/news/2023/07/10/brics-countries-planning-new-gold-backed-currency-002774
<p><img src='https://www.moneymetals.com/uploads/content/brics-countries-planning-new-gold-backed-currency-social.jpg'/></p>As tensions with Russia and China escalate, the so-called BRICS countries (Brazil, Russia, India, China, and South Africa) are preparing to strike a blow against U.S. dollar hegemony. Last week, the Russian Embassy in Kenya declared, &quot;The BRICS countries are planning to introduce a new trading currency, which will be backed by gold.”