Hold Onto Your Wallets — A New World Currency Could Be In The Making, Courtesy Of BRICS Nations

Ad s Hold Onto Your Wallets — A New World Currency Could Be In The Making, Courtesy Of BRICS Nations See more images The BRICS alliance is exploring the creation of an innovative currency, with plans to share proposals on its establishment at the forthcoming summit in South Africa, according to Alexander Babakov , deputy chairman of Russia's parliament, the State Duma. Ads Speaking at the St. Petersburg International Economic Forum event in New Delhi, India, on Thursday, Babakov said that the plan is to initially transition to using domestic currencies in transactions and then introduce and circulate a digital or alternative form of a groundbreaking currency in the near future. Babakov anticipates that the BRICS leaders summit will reveal a preparedness to implement this particular initiative, with work on the project ongoing, news agency Sputnik reported . Ads Babakov did not dismiss the potential emergence of a unified curre...