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Putin: We are working to create an international reserve currency based on the BRICS basket of currencies

2022-06-22T13:53:58.898Z

Moscow, SANA- Russian President Vladimir Putin announced that work is underway to create an international reserve currency on the basis of a currency basket



Moscow-Sana

Russian President Vladimir Putin announced that work is underway to establish an international reserve currency on the basis of the BRICS basket of currencies, noting that the Russian financial correspondence system is open to linking the banks of BRICS countries.

According to the Russia Today website, Putin pointed out in a speech to greet the participants of the BRICS Business Forum held in Beijing that Russia's macroeconomic policy has shown its effectiveness against the backdrop of the sanctions imposed on the country.

He pointed out that entrepreneurs in BRICS countries are developing their businesses in difficult conditions, while the West ignores the basic principles of market economy, considering that problems in the global economy have become chronic due to the West's irresponsible policies, including the launch of the printing of uncovered money, uncontrolled pumping and the growth of unsecured debt.

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Source: sena

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