(MENAFN- AzerNews) Discussions on the introduction of the new currency are due to
take place at an upcoming meeting in Johannesburg in August, Azernews reports, citing Bloomberg.
The decision was taken because of the large number of countries
wishing to join BRICS.
BRICS foreign ministers have asked experts from a specially
created bank to provide advice on how a potential new common
currency could work.
The foreign ministers of Brazil, Russia, India, China, and South
Africa discussed how BRICS could gain greater global influence and
challenge the US. Although they did not come to clear conclusions,
the use of alternative currencies was one of the main topics of the
talks.
Russian Deputy Foreign Minister Sergei Ryabkov, speaking on the
prospects of BRICS expansion, said: "We call on our BRICS partners
to approach this topic in an open and open manner. And I can say
that, in our view, the Arab world and the Asia-Pacific region are
clearly 'asking' to join BRICS, because their representatives are
not there today. But we will look at what can be offered to leaders
and what can be brought to the leaders' attention at the
Johannesburg summit.
South African Foreign Minister Naledi Pandor says BRICS members
are striving "...make sure that we do not become victims of
sanctions that have secondary effects on countries that, in turn,
have nothing to do with the issues that led to the imposition of
the unilateral sanctions.
According to foreign media outlets, the BRICS foreign ministers
from Iran and Saudi Arabia also arrived in South Africa for talks
on the sidelines of the meeting of the BRICS foreign ministers. It
is reported that already in 2023 Algeria is to join the BRICS,
which has filed an application for membership in the
organization.
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