Fact-Check: Social media users have falsely claimed that a new currency was unveiled at BRICS in order to reject the US Dollar.

(MENAFN) The Kremlin has clarified that the BRICS member states are not focused on undermining the US dollar or other currencies ... was intent on creating a new global financial and payment ...

China and their BRICS allies are likely much more defensive than offensive. While the talk about a new currency and posturing against the U.S. dollar will help presidents Vladimir Putin and Xi ...

“They might use the USD [U.S. dollar] as a reference currency ... macroeconomic convergence … many experts doubt that a new BRICS reserve currency would be stable or reliable enough to ...

He emphasized the group’s commitment to unifying financial transactions among members while gradually reducing reliance on the U.S. dollar for interbank exchanges. The new BRICS currency ...

And that’s true even in places you might not expect—like Kazan, Russia, where President Vladimir Putin—a champion of reducing the international role of the dollar—hosted the annual BRICS ...

One ambitious proposal is the creation of a BRICS digital ... on the US dollar in global trade. Russian President Vladimir Putin holds a mock-up of what has been referred to as a new BRICS ...

Top leaders from 36 countries, as well as the UN Secretary General, attended the three-day event, and Brics formally welcomed four new members ... would counter the US dollar and evade Western ...