Sunday, December 15, 2024

Tag: What is R5? The New BRICS Currency Already Underway

What is R5? The New BRICS Currency Already Underway

from Birch Gold Group:

You may be hearing a lot of talk about a new BRICS currency or even some mysterious unknown currency called “R5”.  Well, these are both one and the same, so if you’re wondering what R5 currency is (and where to get some), well it’s still a hypothetical currency in some nebulous degree of development.  Technically speaking, BRICS – being the economic partnership between Brazil, Russia, India, China, South Africa, and a handful of informal members – hasn’t announced the development of its common currency. But there is a name on the table:  R5.  The name comes from the amazing coincidence that all of the members of BRICS use currencies beginning with the letter R:  Renminbi, Ruble, Rupee, Real and Rand.