A new currency Reports have since suggested the potential new BRICS currency will be 40% backed by gold and 60% backed by reserves in member currencies.

Botswana explores digital currency to boost financial access, improve payment systems, ensure cybersecurity, and align with ...

Gold reserves will likely back BRICS’ new currency as member nations stock up. For instance, China has recently emerged as a leader in the gold market, buying a record 100 tonnes since June.

The diamond-price crash caused by a flood of laboratory grown gems has hit the profit of industry leader De Beers and made it ...