The world’s new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources. And it will liberate the Global South from both western debt and IMF-induced austerity.
Continue reading Russia’s Sergey Glazyev Introduces the New Global Financial SystemTag Archives: new financial system
BRICS to Establish New Multi-Currency Financial Order
The new BRICS initiatives break the monopoly of existing western institutions over the financial order – a very important symbolic change, as it’s the first time a global financial institution is led by developing countries, said experts to RT.
Continue reading BRICS to Establish New Multi-Currency Financial Order