Vladimir Putin: The creation of an international reserve currency based on the BRICS basket of currencies is being worked out

AK&M 22 June 2022 17:14

Together with BRICS partners, reliable alternative mechanisms for international settlements are being developed. The issue of creating an international reserve currency based on the basket of currencies of our BRICS is being worked out. Russian President Vladimir Putin said this during his greeting to the participants of the BRICS business forum, according to a transcript posted on the Kremlin's website.

The geography of the use of the Russian payment system "Mir" is expanding. The Russian business community, in coordination with the business communities of the BRICS states, is taking operational steps to develop transport infrastructure, rebuild logistics routes, and create new production chains, the head of state stressed.