The Purple Light: Yes, a BRICS Currency Was Announced. No, It Hasn’t Launched

Sunday, May 5, 2024

Yes, a BRICS Currency Was Announced. No, It Hasn’t Launched

By APMEX

Posted on May 5, 2024

Our last video about the announcement of an official BRICS currency generated a lot of questions. Today we’re clarifying some of the finer details and diving a little deeper into the topic. You’ll also find one of the sources we’ve referenced in this description so you can read the interview transcript that has been used by many to report on this topic, including us.

When Russia first stated in 2023 that BRICS would create a new currency, multiple other nations and their representatives denied it, creating an atmosphere of speculation. Sergei Glazyev, a prominent Russian economist, joined an interview where he made it clear a BRICS currency is in development and almost complete. This information slowly trickled out to western media and was the first known confirmation that a BRICS Currency is in development, not a theoretical concept. While the payment system is said to be blockchain based, the currency itself is still a mystery. We don’t know for sure if it will be backed by gold, but it is implied. Glazyev states that one thing this new currency will be based on is “a basket of exchange-traded commodities.” This statement, along with BRICS nations buying gold at an exceptional rate, makes us believe gold could be included in that basket.

While we know more than we knew a year ago, we still know very little about the actual currency. Again, there is no official launch date set, but speculation abounds that a common currency with final approval would be introduced to the world and named during the next BRICS Summit in Kazan, Russia between October 22-24th. We will follow any updates closely and be ready to pass the information on to you..+

Sergei Glazyev Interview ► https://tvbrics.com/en/news/sergey-gl...

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