The BRICS nations, consisting of Brazil, Russia, India, China, and South Africa, are actively seeking to expand their alliance by inviting additional countries like Saudi Arabia and the UAE to join, forming what is referred to as BRICS+. Furthermore, there have been discussions within the group about the possibility of creating a shared currency called BRICS.

  • shortwavesurfer@lemmy.ca
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    1 year ago

    Just make bitcoin or something the currency as a move like that would seriously increase the liquidity, dampen price moves, and be the best middle finger to the US and G7/IMF

    • tardigrada@beehaw.orgOP
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      1 year ago

      I don’t think that BTC is an appropriate solution currently for use as a means of payment given its high volatlity, but as a principle I agree that appropriately designed crypto could be a solution. What the world needed imo is a mix of different currencies for different use cases globally, regionally and locally.