Posted: 13.07.2022 11:50:00

Medvedev believes BRICS could create its own reserve currency

In modern conditions, it is important to switch from Euros and US Dollars to national currencies. This opinion, against the backdrop of a sharp fall in the Euro exchange rate, was shared by Deputy Chairman of the Security Council of the Russian Federation Dmitry Medvedev in his Telegram channel.


Medvedev believes that ‘the best protection against the rotting Euro will be the transition to new payment methods in trade with our reliable partners, including through the use of national currencies – the Russian Rouble, the Chinese Yuan, the Indian Rupee’. “In the future, the creation of a new reserve currency of BRICS countries is also possible,” the Deputy Chairman of Russia’s Security Council believes. He added that now ‘the Dollar, Euro and Pound Sterling are clearly not enough for the modern world’.

In conclusion, Medvedev called for savings in Russian Roubles.