In a recent chit-chat, a former Russian bigwig spilled the beans that it's down to China and India to hash out the nitty-gritty details for this swanky new soft currency.
The saga of an alternative currency has been the talk of the BRICS town for the past year. We've heard whispers about a digital version, debates about tying it to gold – it's been like a global financial telenovela. Now, with the 2024 summit looming in Russia, people are placing their bets on a grand announcement, reminiscent of the blockbuster expansion news dropped at the 2023 summit.
Since the dawn of time (or at least before the 2023 summit), the world has been on the edge of its seat, eagerly awaiting the grand entrance of a BRICS alternative currency. It's been tangled up with the whole de-dollarization dance that the coalition has been grooving to. And guess what? The soft currency dream might just be about to come true.
Rumor has it, there's a secret BRICS currency handshake happening behind closed doors. Our insider, aka a former Russian big shot, spilled the tea on the nations yet to give a thumbs-up to this monetary rendezvous. Hold your breath – it's just China and India still pondering whether to swipe right on this financial Tinder match.
Sergey Galzyev, the bearer of BRICS secrets, spilled the tea, saying, "To launch this currency, we need the political nod from the BRICS nations, three of which have already given a nod of approval." Now, we're playing the waiting game, staring expectantly at China and India like parents waiting for their kids to come home before curfew.
Russia's been doing the cha-cha as the lead dancer in the currency development tango. And they're hosting the 2024 summit, the stage where all the blockbuster announcements go down. If history repeats itself (and we're crossing our fingers), the birth of this alternative cash could steal the show, just like the expansion extravaganza in 2023.
Will China and India give the nod, or are we in for a plot twist that even Hollywood couldn't cook up?
