CREDIT: ALTNEWS
Rumors of a new BRICS currency have been making rounds online, but the truth is quite different. Let's break it down! ⬇️
🌍 What is BRICS?
BRICS—an intergovernmental group comprising Brazil, Russia, India, China, and South Africa—has grown into a major economic and geopolitical force.
📢 The Viral Claim
Social media, especially Twitter (X), erupted with claims that BRICS had launched a new currency called "100 BRICS."
🚀 A viral post from @CurrencyAsia declared:
Breaking News: The first printed currency of BRICS nations—Brazil, Russia, India, China, and South Africa—is here! Valued at 100 BRICS, this new currency could shake up global dynamics. Is this the beginning of a new financial era? Could this be the challenge that finally topples the dollar?
🔎 The Truth: It’s Just Symbolic
A Russian news article from Lenta.ru(published October 23, 2024) revealed:
✅ The "100 BRICS" note is purely symbolic.
✅ It was created by Russian entrepreneur Evgeny Fedorov and printed in Kirzhach to commemorate the BRICS Summit in Kazan.
✅ The note was humorously presented to President Vladimir Putin, who later handed it to Russia’s central bank head, Elvira Nabiullina.
The official BRICS account (@BRICSinfo) confirmed:
Russian President Putin has been gifted a mock-up of a 'BRICS bill' at the BRICS Summit in Kazan.
📢 Final Verdict
🚫 There is NO official BRICS currency
While BRICS nations continue discussions on economic cooperation, no official joint currency has been launched. The "100 BRICS" note is nothing more than a commemorative souvenir.
