How Will The BRICS Currency Work?

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Money Media x Kalilah Reynolds

Money Media x Kalilah Reynolds

Күн бұрын

Will you be able to buy, sell and spend BRICS dollars? What about using it for foreign exchange trading?
The BRICS currency will actually only be used for international trading and global reserves. So what does this really mean?
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Пікірлер: 289
@dylanmoris6211
@dylanmoris6211 Жыл бұрын
It's interesting to learn more about the discussions and proposals around BRICS nations and their potential use of gold. There are several reasons why people may choose to buy gold, including its historical use as a store of value and means of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities.
@williamsbrown4026
@williamsbrown4026 Жыл бұрын
Additionally, gold can offer diversification benefits to investment portfolios, as it tends to have a low correlation with other asset classes like stocks and bonds. However, it's important to note that investing in gold carries risks and may not be suitable for evervone. and investors should carefully consider their investment objectives, risk tolerance, and financial situation before making any decisions
@LionTowercoporation
@LionTowercoporation Жыл бұрын
However, it is unclear how a new currency backed by gold would function in the current global financial system and whether it would gain widespread acceptance. Ultimately, any decision to create a new currency would be subject to numerous economic, political, and logistical considerations.
@KelvinWallace
@KelvinWallace Жыл бұрын
Investing in gold is a reliable choice, and I plan to keep buying more to make up for my losses. While silver is also a good investment, my collectibles are not as similar. It's important to have clear investment goals and educate yourself on the type of investment that interests you..
@KelvinWallace
@KelvinWallace Жыл бұрын
Do your due diligence and opt for one that has tactics to help your portfolio continue consistent and steady growth. "Colleen Janie Towe" is accountable for the success of my portfolio, and I believe she has the qualifications and expertise to accomplish your objectives.
@BigallBrazil
@BigallBrazil 8 ай бұрын
The use of more currencies is an indisputable truism! The BEST WAY is valided ALL CURRENCIES at the SAME LEVEL. Discarding the dollar by creating another currency in its place is exchanging 6 for half a dozen. Swap the right for the doubtful! Another currency means DISCARDING other currencies from dozens of countries. This would scare those interested, as currency is national sovereignty and speculators would dictate the rules. BRICS, through its bank, must act as a moderator, guarantor of the contracts. Through EXCHANGE HEDGE, or some contract insurance. Example: an importer imports goods from Russia valued at 10 million rubles, let's say 3 million reais on the day of purchase. Through currency hedging, BRICS BANK guarantees that the parties receive exactly what is in the contract, regardless of the term. If the importer in this case wants to pay with Saudi Arabian currency, that's fine, with African currency, nothing changes. This Brics Bank guarantee would include any currency in the world, even for countries that are not part of the bloc. Including the US dollar. Dedollarizing does not mean MARGINALIZING any currency, otherwise it is not a serious thing.
@CBReal1290
@CBReal1290 Жыл бұрын
I have not even gotten to the end of your video and so appreciative of the fact that you got to it within the first 30 seconds. No, you can't buy brics, it works differently. I wish I could give you a superstar rating just for answering the question succinctly
@GillerHeston
@GillerHeston Жыл бұрын
For the first time in decades, the United States is losing its clout as a federal reserve currency. They don't have any more economies to use to control inflation, and less money is being spent on stock and oil trading than in the past. They all lend support to the idea that a new multilateral world order is in the works.. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio.
@rogerwheelers4322
@rogerwheelers4322 Жыл бұрын
Find stocks with market-beating yields and shares that at least keep pace with the market for a long term. For a successful long-term strategy I recommend you seek the guidance a broker or financial advisor.
@joshbarney114
@joshbarney114 Жыл бұрын
I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.
@FabioOdelega876
@FabioOdelega876 Жыл бұрын
@@joshbarney114 I've been thinking of going that route been holding on to a bunch of stocks that keeps tanking and I don't know if to keep holding or just dump them, do think your Inv-coach could guide me with portfolio-restructuring as i wouldn’t mind a recommendation.
@joshbarney114
@joshbarney114 Жыл бұрын
@@FabioOdelega876 Actually, I've shuffled through a few advisors in the past, and “Colleen Janie Towe” remains the most resourceful thus far. Her strategy proves profitable, and sustainable both in a bull & bear market. Most likely, her credentials can be found on the net, so you can confirm yourself.
@FabioOdelega876
@FabioOdelega876 Жыл бұрын
@@joshbarney114 Thanks for the contributions, I just skimmed through Colleen Janie Towe webpage, interesting stuff, wrote her an email.
@Riggsnic_co
@Riggsnic_co Жыл бұрын
BRICS seeks to create a new currency, considering gold's historical role as a store of value and medium of exchange. However, the functionality and acceptance of a gold-backed currency in the current global financial system are uncertain. Creating a new currency requires careful consideration of economic, political, and logistical factors.
@martingiavarini
@martingiavarini Жыл бұрын
The discussions and proposals surrounding BRICS nations' potential use of gold are intriguing. People choose to buy gold for various reasons, such as its historical role as a store of value and medium of exchange, its potential as a hedge against inflation or currency devaluation, and its relative scarcity compared to other commodities. Gold also offers diversification benefits to investment portfolios due to its low correlation with stocks and bonds. However, investing in gold carries risks and may not be suitable for everyone. Investors should carefully evaluate their objectives, risk tolerance, and financial situation before deciding.
@hermanramos7092
@hermanramos7092 Жыл бұрын
I find gold investment reliable and aim to buy more to recover losses. Silver is also a good investment but differs from my collectibles. Clear investment goals and education are crucial. I work with Catherine Morrison Evans, a SEC-regulated financial consultant. Starting with modest investments, I accumulated nearly $799k over time.
@Oly_laura
@Oly_laura Жыл бұрын
@@hermanramos7092 How can i reach her, because I’m seeking for a more effective investment approach on my saving.
@hermanramos7092
@hermanramos7092 Жыл бұрын
@@Oly_laura Catherine Morrison Evans maintains an online presence that can be easily found through a simple search of her name on the internet.
@Oly_laura
@Oly_laura Жыл бұрын
@@hermanramos7092 After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.
@caribbeangtr8077
@caribbeangtr8077 Жыл бұрын
Just buy physical gold preferably certified bullion. It is after all what BRICS I'd based on.
@IjahNumarachi
@IjahNumarachi Жыл бұрын
Thank you
@apnudi
@apnudi Жыл бұрын
Until one day it's not 🤯
@marlotree6909
@marlotree6909 Жыл бұрын
Correction: Bricspay will be backed by commodities eg oil, food etc, not just gold!! This is huge for mankind.
@shotelco
@shotelco Жыл бұрын
@@marlotree6909 Agreed. Going into a globalized future with 15th Century "gold" mindset is lunacy. China has proven herself not to be unintelligent, and I don't think they want any part of being a sole global reserve currency. If you haven't already, please research DAO (decentralized autonomous organization). A decentralized autonomous organization (DAO) is an blockchain based, fully democratized, unhackable system, *that has no central governing body.* Its members share a common goal to act in the best interest of the entity. It is basically like a quasi-AI software program, that once its established, *NO HUMAN CAN ALTER IT.* It can only be modified by a majority consensus of its members. Again, research it yourself.
@MP-ut6eb
@MP-ut6eb Жыл бұрын
​​@@marlotree6909 That's good to hear, backing the currency on commodities, intellectual property, work force productivity that should be even better
@AlexanderSAMARIN
@AlexanderSAMARIN Жыл бұрын
I wouldn't mentioned SDR in relation to BRICS because SDR is USD-based. BRICS common currency is not union currency as EUR but more as a unit of account for trade, e.g. ECU and СЭВ (Council for Mutual Economic Assistance ) ruble. It is expected that BRICS common currency will be digital and pegged to gold (even certified bullions). Any country (include USA) will be able to joint this new digital ecosystem to use its national currency for cross-border payments. National currencies will stay within their national jurisdictions. BRICS common currency will be used for exchange between other currencies purposes and be hidden for the end-users.
@gustavosuarez2598
@gustavosuarez2598 Жыл бұрын
XRP
@chenesinden5829
@chenesinden5829 Жыл бұрын
xrp holding my bags
@jdog4usmc1
@jdog4usmc1 Жыл бұрын
Interesting you mention technology leading to mark of beast system
@teikhongtai4570
@teikhongtai4570 Жыл бұрын
The 😅
@JP-tq9rj
@JP-tq9rj Жыл бұрын
WILL BRICS BE A COIN YOU CAN PURCHACE LIKE CRYPTO? OR WILL THIS BE OFF LIMITS TO ANYONE LIKE SAID IN THIS BROADCAST? PLEASE REPOND. I APPRICIATE YOU
@donalddavis4387
@donalddavis4387 Жыл бұрын
Speaking about BRICS,I used to think every investor went broke during recessions, meanwhile some make millions. I also thought everybody went out of business during the Great Depression, but some went into business. Bottom line, there's always depression for some, and profit for others, it all starts from having the right mindset. That said, I've set asides $250k to invest for future, unfortunately l'm a complete noob.
@janellejacob3799
@janellejacob3799 Жыл бұрын
The market has gone berserk! regardless of experience level, everyone needs some sort of coach at some point to thrive forward.
@josephhughes9583
@josephhughes9583 Жыл бұрын
True, A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for license advisors and came across someone of due diligence,has helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. $850k so far.
@cooperhayes7055
@cooperhayes7055 Жыл бұрын
How can I contact your coach as my portfolio is dwindling?
@josephhughes9583
@josephhughes9583 Жыл бұрын
Can't divulge much, it's only right you do your due diligence. I'm been guided by Olivia Maria Lucas and most likely, the internet is where you will find her deets.
@madhav411
@madhav411 Жыл бұрын
Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.
@harryholliday5023
@harryholliday5023 6 ай бұрын
Thankyou this was very Informative:)
@TheGrimeRaper
@TheGrimeRaper Жыл бұрын
Thankyou for clearing this up for me!
@ufoterhempas6885
@ufoterhempas6885 Жыл бұрын
The brics association that will be established needs to create a currency that is based on the value of gold, not the value of the currency of the members of the organization
@AlexanderSAMARIN
@AlexanderSAMARIN Жыл бұрын
common currency will be a new reference point for valuation without USD. Existing currencies will be mapped to that
@chrissegee
@chrissegee Жыл бұрын
So you go and base your money on gold, that’s a great idea until someone tanks the value of gold and now your money is worthless
@panan7777
@panan7777 Жыл бұрын
This can REALLY bring total collapse for the countries involved. All of them are corrupt, with a long history of hyperinflation. India being the only one with relatively small inflation. Would YOU trust your money to a country that had 280% inflation per year averaged for FORTY years!!! This translates to 2,5 billion % of cumulative inflation in Brazil in the last 40 years. SA is falling apart, Ru is bleeding, China on the verge of deep crisis. There is talk of ARGENTINA joining them. 🤣🤣🤣🤣🤣 The GRAND MASTERS of corrupt and failing country for decades. ANYONE buying into this is insane.
@kcthunder7682
@kcthunder7682 Жыл бұрын
I believe BRICS does not intend to come up with a single BRICS currency ..at least not for now, however, BRICS will announce that they will trade among themselves using ONLY local BRICS currencies ..and ALSO, they will sell/trade their goods/commodities and services ONLY in BRICS local currencies ..THIS IS enough to greatly speed up the de dollarization
@moneymediaja
@moneymediaja Жыл бұрын
Yes, that is the intention
@BillyTimes-dw7vs
@BillyTimes-dw7vs 3 ай бұрын
That's sounds logical 🤔 a crypto currency of some sort.
@ClementRusso2
@ClementRusso2 Жыл бұрын
It's time for the BRICS - New World Order to establish a default reserve currency or consider returning to the gold standard. Dealing with daily fluctuations in exchange rates for each country's currency would lead to excessive chaos.
@VickyAlvy
@VickyAlvy Жыл бұрын
Investors should be cautious with their investments, especially in times of inflation. Achieving substantial returns during economic challenges often requires the guidance of a professional or a trusted advisor.
@dgyson
@dgyson Жыл бұрын
How can I get in touch with your advisor? I'm looking for a more effective investment strategy for my savings.
@torstenotto5170
@torstenotto5170 Жыл бұрын
I will forever be grateful to you, you've changed my whole life I'll continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs Jane
@mamudgimba469
@mamudgimba469 Жыл бұрын
I meet Mrs'Jane in a conference at Washington DC and after giving her speech, it was very nice opportune for me, and I started investing with her.
@christinelambrecht7192
@christinelambrecht7192 Жыл бұрын
I'm from Egypt I used to take loan from the bank for surviver but after trading with expert Mrs Jane she changed my financial status for real I'm now a creditor not a debtor anymore
@EditCrafting
@EditCrafting Жыл бұрын
Mrs Jane is a scammer
@ronaldrebulanan7327
@ronaldrebulanan7327 Жыл бұрын
Brics currency needs support of many countries. Will countries trust & trade with them if they know brics leaders have untrustworthy & questionable reputation.
@AlexanderSAMARIN
@AlexanderSAMARIN Жыл бұрын
it will be by design. Other countries may use it between themselves.
@nkosinathibekithemba3154
@nkosinathibekithemba3154 Жыл бұрын
Is America trustworthy????
@thato596
@thato596 Жыл бұрын
Countries around the world are already trading with each other. China is one of the biggest traders with many countries. So why feel untrustworthy now? when they have been trading for so many years
@juchou2983
@juchou2983 Жыл бұрын
Yep, we need trustworthy truth tellers like bush and nixon..
@mr.cosmos5199
@mr.cosmos5199 Жыл бұрын
Ronald That’s precisely the case for the need of the BRICS currency. The USA has proven most untrustworthy and doesn’t even care about its super bad reputation. Dedollarisation is not for convenience or just an alternative now, it’s an absolute necessity to protect wealth and trade of other nations.
@wallstreet497
@wallstreet497 Жыл бұрын
Anything that can protect your money from US or EU sanctions is welcome. A weaponized currency is the worst policy in this 21s century for global trade.
@itshouseitshouse2936
@itshouseitshouse2936 Жыл бұрын
Do you honestly think brics currency will not be weponized . It's the whole reason for doing this , it's called get back , a tic for tack
@itshouseitshouse2936
@itshouseitshouse2936 Жыл бұрын
@sam123sder it's actually still the number 1 currency. This is going to take at least 10 years if it does succeed
@romenas
@romenas Жыл бұрын
@sam123sder Was it silly to ignore Russias warmongering when they occupied Gerogian parts, then Crimea? ;) Ignorance always has a price. Though I would not look into the BRICS very seriously, because it is ruled by 2 troll countries: China, Russia :) If you write up a contract with Russia these days it has the same worth as toilet paper or troll message in youtube. Everyone knows that Russia does whatever they want - no laws apply. China does respect some things, but if the situation is good for China and only a contract is in a way ;) That means contract never existed :DD These countries do not abide by same laws as wester countries do. Don't have illusions that they do ;)
@goldenbiscuit420
@goldenbiscuit420 Жыл бұрын
​@sam123sder Russia did it to themselves attacking a country for no reason
@itshouseitshouse2936
@itshouseitshouse2936 Жыл бұрын
@sam123sder like now how rissia is trying to weponize food grain from Ukraine
@philipfranklin8273
@philipfranklin8273 Жыл бұрын
Thank you my sister for keeping this info short sweet and to the point
@BillyTimes-dw7vs
@BillyTimes-dw7vs 19 күн бұрын
Well explained 👏 Thank you
@pariswalton9330
@pariswalton9330 6 ай бұрын
Thank you understandable explanation regarding BRICS
@chinadollfmd
@chinadollfmd Жыл бұрын
I haven't seen anyone so happy about buying currency from corrupt countries.
@VIEDMEDIA
@VIEDMEDIA Жыл бұрын
All countries are corrupt. Some of the worst people like being in politics and being in power. Some just hide it better than others. All some people are trying to do is diversify their portfolios in case sh*t hits the fan. We can still provide for our families. I dont trust any government, and neither should you. I wish you the best. Hope things pan out for you.
@lowemichael03
@lowemichael03 Жыл бұрын
You can buy the brick's currency indirectly because it's made for It's made so. That certain countries can trade abroad. So you would invest in the items that 1 country needs from another country. Knowing that it will be a lot simpler for them to trade. Now that they would not need the dollar.
@diamonddiamond7862
@diamonddiamond7862 8 ай бұрын
Where and how do you buy BRICS token from an BRICS official online? There too many pools and scam on.
@jerrynoble1718
@jerrynoble1718 Жыл бұрын
Chinese currency doesn't start with R but Y, Yuan
@edwardkoopmans56
@edwardkoopmans56 3 ай бұрын
Whar about RenMinby ? Ehhhh ?!
@alwynter6738
@alwynter6738 Жыл бұрын
Thanks for that bit of information. How do you see this possible change bring about cbdc? Also would the US devalue and how will it affect the Jamaican economy?
@barryshaw5660
@barryshaw5660 Жыл бұрын
Thanks for an easy to understand analysis
@thato596
@thato596 Жыл бұрын
Thank you kalilhah
@aandretrain5089
@aandretrain5089 Жыл бұрын
Thank you for this information.
@JesusWins
@JesusWins Жыл бұрын
Well the Chinese Yuan does not start with an R
@artisania_shop
@artisania_shop Жыл бұрын
Official currency of China is Renminbi
@johndaka6368
@johndaka6368 Жыл бұрын
This currency lets support brics plzz us AFRICA'S
@AlexanderSAMARIN
@AlexanderSAMARIN Жыл бұрын
Sure. By-design.
@alakabam4664
@alakabam4664 Жыл бұрын
They will control what you can buy
@erickamarie4100
@erickamarie4100 Жыл бұрын
Great info!! Thanks for keeping us informed.
@franknahurira6335
@franknahurira6335 Жыл бұрын
Am happy, and I didn't know that BRICS currency start with R. Wishing them well.
@edwinpillay1409
@edwinpillay1409 Жыл бұрын
As a South African I love the idea but wondered how ? we have one currency exchange like the Iro, no dice, well, wait and see? Smells fishy.
@johnthee813
@johnthee813 Жыл бұрын
Currency is time through texting. No cloud,blockchain or exchange rates.
@njm543
@njm543 Жыл бұрын
Can you buy gold and silver coins in Jamaica?
@MrElwoodCaudill
@MrElwoodCaudill 3 ай бұрын
Foreign currencies should fairly be tied to the inflation as live interest rates of each country. Each importing country would pay that interest rate to each country holding that country’s currency. Bankruptcy would necessitate the countries resources of value before said action.
@elimlinrr6898
@elimlinrr6898 Жыл бұрын
Do not confuse dedollarisation with RMB internationalisation. RMB will not replace USD or Euro for international trade settlement, but the gold backed BRICS currency will take a huge chunk of the pie. The BRICS currency is the only non fiat currency. All other world currencies including USD, Euro, RMB etc are fiat currencies. .
@diamonddiamond7862
@diamonddiamond7862 8 ай бұрын
Where and how do you buy BRICS token from an BRICS official online? There too many pools and scam on.
@dustyrider244
@dustyrider244 5 ай бұрын
You might be right but that will take decades not years! The US dollar consumption will continue as long as BRICS national debts remain pegged to the dollar. China is the biggest user of the US Dollar as a reserve currency, this is just a fact of life
@dustyrider244
@dustyrider244 5 ай бұрын
I am amazed that so many people think BRICS is the answer to wealth especially in the African continent. There are only two winners and that is China and Russia who successfully use the model to avoid sanctions! As BRICS commercial models will conduct trade using individual currencies do you really think China wants the worthless Iranian currency gathering dust in some financial cave? No! Unless Nigeria does something amazing they will not get membership either, China wants strong currency like Saudi, UAE and Kuwait not Bukino Faso or Niger
@jackwayneroberts8190
@jackwayneroberts8190 Жыл бұрын
Your wrong. You can buy all Brics country monies. But you don't need to. Just buy GOLD and you will have all currency for any country on earth..🤑🤑🤑🤑
@bachataintimate3726
@bachataintimate3726 Жыл бұрын
Like bitcoin. You don't have to carry it around like gold.
@vidadormer8995
@vidadormer8995 Жыл бұрын
Surely BRICS is a trading Union, started to have more equal opportunities to trade with each other ….however this is the only way it will be to benefit trading with each other and a more fair trading environment with the traditional G7 who seems to be the only countries able to be prosperous…that is not fair trade ‼️ So the Third world simply don’t have the same opportunities and economic power to trade on the world markets thus hugely marginalised and can’t ever catch up to the G7 countries thus stay poor and marginalised forever. But Having their own single currency and own supply chains for all BRICS members the third world countries and members can become self sufficient with each other and should the G7 countries want to trade with BRICS countries they have a currency in which they can do so…furthermore supply chains can trade at their own Union currencies with each others as well..but price is what will be the only determining factor…ie the cheaper you the more you sell ‼️ Best for BRICS supply chains can now have the opportunity to do their own manufacturing and supply at lower cost that to land from USA, UK and Europe to the rest of the members based their own Union currency…following the only successful business principle of working on production of bulk huge volumes at cheaper prices…ie the more you buy the cheaper the price…thus supplying products at far cheaper prices due to bigger and greater demands….thus should people in the G7 countries want to buy from the BRICS Union they will by at a better price and thus increase the trade for The BRICS membership’s countries. Further advantages are also geographic distribution for supply chains to be developed also have opportunities. The current eg of Mexico…most people come to Mexico for cheaper medications and plastic surgery….so the cheaper your prices the more you sell . The answer is undercutting prices always always is the fastest way to become profitable ‼️ Further giving up your currency is not a bad thing because a currency for BRICS union will be stronger against the Dollar, Pound and Euro and better for trade than under weak current currencies for membership countries ⁉️‼️ Furthermore if you are part of BRICS you can’t like India currently have to invests in UK for the new manufacturing contract for Tata’s Ownership of Jaguar and Rover …BRICS need to start it own manufacturing for the motorcar industry to stay in BRICS …you can’t be in bed with the G7 while being part of BRICS…you can have trade agreements. Eg it will be like UK hanging on to British Pound while trading with Europe without having giving up the pound thereby they have benefited from both currencies which is ‘Unfair Trade’ to the rest of the world hence Brexit was born
@woka_kawanua-hw2hj
@woka_kawanua-hw2hj Жыл бұрын
the answer is that pattern too on how the € currency come into work.
@FaisalMohammedAbdulla
@FaisalMohammedAbdulla 3 ай бұрын
Yeessss, its possible
@hubreydavid7864
@hubreydavid7864 Жыл бұрын
Love to buy some for a souvenir
@dasfahrer8187
@dasfahrer8187 2 ай бұрын
So if BRICS is going to be a settlement currency rather than a consumption currency, where does that leave BTC as its future is also likely to be a settlement & transfer currency?
@rocknroll5077
@rocknroll5077 Жыл бұрын
Brics Reserve Currency called ONE ( OES) , just my thought!! 💥
@falcon127
@falcon127 3 ай бұрын
My Wife is Filipina, a Philippine citizen, can she purchase what might be considered (BRICS CURRENCY) ???
@Patented2
@Patented2 3 ай бұрын
Very well articulated. Thank you!
@heightsofheightsrecords
@heightsofheightsrecords Жыл бұрын
💯 Very informative 🙌🏾
@sbludba
@sbludba 3 ай бұрын
Buy with what currency? Us$ NOT accepted, buy only with Gold.
@JoelGrant-ie4ly
@JoelGrant-ie4ly 5 ай бұрын
Your content is interesting. I am moving more of money y fiat currency into precious metals. They are accepted all over the World.
@krisradjpaul278
@krisradjpaul278 Ай бұрын
When do you think the equivalent of Swift be up and running?
@DeeSage
@DeeSage 3 ай бұрын
Its been a year and the BRICS still has no official single currency. I would love to see that though. But people must stop hyping such news. I have been hearing about this for about 5years now.
@Time.Ripper
@Time.Ripper 5 ай бұрын
So is she saying i cannot buy brics stock currency?because its up a huge percentage on the stock market and im trying to see if i can invest in it
@zephaniarutlokwana2891
@zephaniarutlokwana2891 Жыл бұрын
Every thing is possible when agreed upon by all its members. lts up to BRICS members to agree to that or not nothing from outsiders can stop them in doing that
@MsFreethepeople
@MsFreethepeople Жыл бұрын
What is the best way for the average American to take their dollars and move them into other foreign currencies? Can you pretty please do a video on this? Thanks in advance for your consideration
@orawanjan3442
@orawanjan3442 Жыл бұрын
this is a way not to involve with USD .... while trading among members.
@mood2024-s8j
@mood2024-s8j 16 күн бұрын
So..The local currency will be strong..❤
@hkfoo3333
@hkfoo3333 Жыл бұрын
I think the best way forward for non US dollar transaction is to use the Chinese gold backed Yuan as a medium of exchange . China will be encouraged to buy heavily from these nations instead of from non BRICS nations. This way most countries will have enough Yuan to trade among themselves. In a way the digital Yuan can be converted to the BRICS currency is one way . Countries can use their national currencies to buy the BRICS currency to trade
@living4peace392
@living4peace392 Жыл бұрын
No
@teddyhoukamau8516
@teddyhoukamau8516 4 ай бұрын
So how would we trade with BRICS! can we have a BRICS WALLET like Bit coin
@daviesmakasa8588
@daviesmakasa8588 4 ай бұрын
The USA dollar will still remain KING in spite of whatever currency is introduced as long as USA economy remains the most powerful in the world.
@emmanuelmajekodunmi9148
@emmanuelmajekodunmi9148 Жыл бұрын
So brics dollar can’t be traded like forex right?
@moneymediaja
@moneymediaja Жыл бұрын
No
@nnmzulu.401
@nnmzulu.401 Жыл бұрын
Oh my!
@samdc-usa2745
@samdc-usa2745 3 ай бұрын
If the EU currency is not working , and many countries have the euro reserve. What makes the Bric work??
@ericfile4873
@ericfile4873 Жыл бұрын
Yes is it must we will with all of our hearts ❤. The us dollar's bin having them time ?
@kallachnadra
@kallachnadra 2 ай бұрын
I thinkCan anybody explain how the exchange rate will wrk across the BRICS ? I think china will be a probem-maker. All country will keep on their currency but a BRICS-Currence will be onlly for a trade. That makes sense..but agreeing to what factor will not be easy.
@Svgeg13
@Svgeg13 Жыл бұрын
Hey there, I was wondering if you have heard and informed yourself about NSRT token? It’s new Silk Road token by BRICS.
@АнтонСоловьев-п5т
@АнтонСоловьев-п5т Жыл бұрын
Yes. Digitalbankbrics.com - NSRT
@farneltrade2600
@farneltrade2600 Жыл бұрын
I bought it two years ago for $20 and now its price is $120.
@Svgeg13
@Svgeg13 Жыл бұрын
@@farneltrade2600 which exchange can I buy it ?
@Svgeg13
@Svgeg13 Жыл бұрын
@@farneltrade2600 somehow when I Google the price it says 26.70$ tho not 120$ am I looking at the wrong one ?
@АнтонСоловьев-п5т
@АнтонСоловьев-п5т Жыл бұрын
​@@farneltrade2600 I know. On April 17, in MetaMask, I saw the rate of this currency at $142.
@rosemariecampbell7205
@rosemariecampbell7205 4 күн бұрын
Can the brics stocks be bought though?
@mamiesharrieffschrean8640
@mamiesharrieffschrean8640 Жыл бұрын
Gold and silver is a form of exchange.
@johnthee813
@johnthee813 Жыл бұрын
Currency is time by texting,no cloud,blockchain,exchange rate..
@DipakBose-bq1vv
@DipakBose-bq1vv Жыл бұрын
BRICS currency will be used among the BRICS countries, but trade with non-Brics countries will continue with US Dollar or Euro. What is the exchange rate between the B-Currency and the US Dollar and Euro is the basic question. We do not know that yet. Euro has not replaced the US Dollar. Similarly, BRICS currency will not replace US Dollar.
@collinmiranda8857
@collinmiranda8857 Жыл бұрын
Best way is buy gold then keep it..
@edwardajami832
@edwardajami832 Жыл бұрын
Alternatively you can still buy gold because BRICS currency is actually being backed by gold.
@enockjemu7623
@enockjemu7623 Жыл бұрын
Who walks and talks the oils....? No worries about the money. Everything is in a good hand. Lets see.
@jvas33
@jvas33 Жыл бұрын
Will brics currency be backed by anything like gold?
@houstonsloursh2575
@houstonsloursh2575 Жыл бұрын
I can't waste that time. Dollar is all wat I have faith in for life. I don't want to become broke.
@rmathews2011
@rmathews2011 Жыл бұрын
Brics5 : Brazil, Russia, India, China, South Africa
@CollinPhillip-m7r
@CollinPhillip-m7r 3 күн бұрын
Jam dex is a BRICS CURRENCY
@ShamshadAyub
@ShamshadAyub 3 ай бұрын
Will it take over US dollars ..?
@luzvimindaalvarez-ve3to
@luzvimindaalvarez-ve3to Жыл бұрын
kahit anong mangyari hindi ppyag ang the most relevant sa gusto ng BRICKS dadaan muna sila sa aking mga kamay.... peso dollar lng ang may KARAPATAN.... kahit ang World Bank kayang patunayan yan....
@munirali1436
@munirali1436 Ай бұрын
Rial Rand Rubble Rupee RNB
@barnabyjara4751
@barnabyjara4751 Жыл бұрын
Is the BRICS new currency coming before of after the war between China and India over their border?
@Alhaqh
@Alhaqh 3 ай бұрын
Combined, the BRICS bloc has a GDP over 25.85 trillion U.S. dollars in 2022, which is slightly more than the United States , it’s crazy 😂😂😂
@jaimeat1268
@jaimeat1268 Жыл бұрын
A como el intercambio del peso????
@musterseeds1778
@musterseeds1778 4 ай бұрын
BRIC$ work, got gold talk, no gold walk.....
@joseperes777
@joseperes777 6 ай бұрын
Poland still uses its own currency ....not euro
@jgrant5255
@jgrant5255 Жыл бұрын
I wonder if Uganda will become the newest BRICS member.
@myonie22
@myonie22 Жыл бұрын
So BRICS isn’t looking to demolish the dollar just allow non-European countries the opportunity to do business together regardless of the dollar? Do you think BRICS will ever create a bitcoin version of itself to be purchased with the dollar?
@ericfile4873
@ericfile4873 Жыл бұрын
Yes if it must we'll and very good. As we bin for they us dollar's.?
@auroraenergywellness
@auroraenergywellness Жыл бұрын
" I can't remember the other currency I am missing right now " .... good lord......sounds assuring.... you are a FINANCIAL JOURNALIST there is a BIG difference......so you should first explain what you are NOT....... you should not be explaining this to people... focus on yourself.
@henryandaya6909
@henryandaya6909 Жыл бұрын
Sinop
@BobKK136
@BobKK136 Жыл бұрын
Is China's currency called the Yuan?
@davidgray1098
@davidgray1098 Жыл бұрын
Hello am here watching
@bhubestakesoponsatien1143
@bhubestakesoponsatien1143 3 ай бұрын
Really no new currency, each and every member must have their currency but Gold is the name
@tnorth7090
@tnorth7090 8 ай бұрын
sounds like the old cuban money system. one currency for locals and one for foreigners. people will be poor everywhere and government will be rich, no travel for the middle class
@KC98561
@KC98561 Жыл бұрын
Brics just announced it will be backed by gold. If its not a physical currency then I dont know how that will work. If its not physical then that means each currency will be backed by gold. Either that or the gold backing is a lie.
@protasiocanalita6436
@protasiocanalita6436 Жыл бұрын
No it is s digital currecy guys?
@paullal6759
@paullal6759 Жыл бұрын
Bought gold in 2021 😊😊😊😊
@andywu8558
@andywu8558 Жыл бұрын
Yes you can. Its called XRP.
@lowbloodprsure
@lowbloodprsure Жыл бұрын
Just buy GOLD thats the new currency.
@EdwardMyeza-eg1nr
@EdwardMyeza-eg1nr Жыл бұрын
If I understand you well if you say BRICKS currency is not going to replace local currency but it will be used for foreign trade which means it will be used against countries outside BRICKS+, in that way peoples in local BRICKS+ nations will be using local currency by buying whatever they will be buying at a reasonable low prices? I stand to be corrected. If so it will mean free at last free at last thanks God almighty we are free at last..Vuyo in South Africa viva Pres Zuma viva Pres Putin and all other Presidents in BRICKS viva. I would lije to take this opportunity to dedicate this song by Teddy Pendergrass To be free is to be who we are, Up the BRICKS+ nations
@hbjaffri
@hbjaffri Жыл бұрын
Yes you can. Just go buy gold. That's BRICS currency to you.
@CookieeMonstarr666
@CookieeMonstarr666 Жыл бұрын
if we start to use gold as currency again, the prophecy of Islam will be fullfiled.
@mohamedwaheed7326
@mohamedwaheed7326 Жыл бұрын
You killed gaddafi but you cannot kill gaddafis idea...
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