It's really happening: Russia is proposing a BRICS “multicurrency system” for cross-border trade.
This will help countries circumvent illegal Western unilateral sanctions.
It will also let them settle transactions in local currencies, not the US dollar.
https://www.bloomberg.com/news/articles/2024-10-11/russia-pitches-brics-payment-system-aiming-to-break-us-dominance
Will they call it bancor?
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