A gold-backed BRICS trade currency was proposed by the Russian Embassy in Nairobi for the 2023 Johannesburg summit but did not make it into the final agenda because China and India opposed it due to concerns about constraining their monetary policy
factualpending
Speaker
Alistair McLoudEvidence Quote
“the Russian Embassy in Nairobi floated the idea that um you know a gold backed uh uh trade settlement currency would be on the agenda in Johannesburg and it didn't make the cut”
Created: 8/11/2026, 6:55:40 AM
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