A view of a reflection on a window of a man staring at the sea in front of the national flags of the on the BRICS (China, India, Russia, South Africa, Brazil) countries during the BRICS Foreign Ministers Meeting in Cape Town, on June 02, 2023. Foreign ministers from BRICS -- a five-nations bloc including Brazil, Russia, India, China and South Africa -- were meeting in Cape Town on Thursday and Friday. (RODGER BOSCH / AFP) (Photo by RODGER BOSCH/AFP via Getty Images)
The BRICS countries could soon launch a viable alternative to the U.S. dollar, Russia confirmed this week.
Brazil, Russia, India, China and South Africa, a coalition of nations going by the moniker BRICS, is set to introduce a new currency backed by gold, Russian English news channel RT reported.
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