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The BRICS countries supported the idea of switching to the use of alternative currencies
17:00; 23 October 2024 year
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The BRICS member countries support the development of the use of the pool of conditional foreign exchange reserves of the association and support the transition to the use of alternative currencies. Such a point is contained in the final declaration of the BRICS summit, which is taking place in Kazan.
The document says that the participants of the association recognize the pool of conditional foreign exchange reserves of the BRICS as an important financing mechanism that allows to prevent pressure on the balance of payments, as well as contributes to further strengthening financial stability."We strongly support the improvement of the BRICS pool mechanism by ensuring the possibility of using alternative currencies that meet the necessary criteria," the declaration says.
