I'm wondering about the currency that will be used by BRICS countries. I want to know which currency they have agreed on for their economic transactions and cooperation.
5 answers
BitcoinBaroness
Sun Nov 17 2024
The renminbi has emerged as a formidable contender in the realm of international trade and domestic FX markets.
Lorenzo
Sun Nov 17 2024
It has surpassed the dollar to become the primary foreign currency used in Russia's international transactions.
Caterina
Sun Nov 17 2024
This significant shift was preceded by strategic moves from the Bank of Russia, which actively bought CNY.
CryptoEmpire
Sun Nov 17 2024
By the end of 2021, the renminbi had secured a substantial 22% share of Russia's FX reserves.
Giulia
Sat Nov 16 2024
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