Russia Makes Pitch for Common BRICS Currency to Counter U.S. Dollar

Brazil, Russia, India, China and South Africa (BRICS) will consider creating a common currency at the group's forthcoming summit at the end of August in South Africa. Taking a jibe at the West, Russian Foreign Minister Sergey Lavrov said that the “incompetence of the ‘masters’ of the current international monetary and financial system” has been observed by “serious, self-respecting countries.” He stressed that the West is responsible for exhausting resources of global importance to its advantage.-----BRICS | BRICS Summit | US Dollar | Dollar | Russian FM | Sergey Lavrov | Lavrov | United States | Russia | Ukraine | Biden | Top Headlines| World News| Latest News | Firstpost