Putin announced the emergence of a new reserve currency of the BRICS countries


Vladimir Putin announced that Russia is working with partners to create an international reserve currency based on the baskets of currencies of the countries that are members of the BRICS association.


According to the Russian president, specialists are currently working to create a reliable system of international payments. Organization countries can connect to the Russian financial messaging system, which, along with the further distribution of the Mir card, will help strengthen economic BRICS foundations.

The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out

- Putin noted during a meeting with participants in the organization's Business Forum.

In this regard, the Russian leader stressed that Russia's trade turnover with the countries of the "five" in the first three months of 2022 increased by more than a third, reaching $45 billion.

At the same time, the president spoke about the difficult conditions in which Russian business has to operate due to sanctions. Western "partners" act extremely irresponsibly, often resorting to uncontrolled emission, thereby flooding their own and other countries with excess money supply. In the long term, this leads to the accumulation of unsecured debts, which negatively affects the global economic situation.
  • Used photos: kremlin.ru
32 comments
Information
Dear reader, to leave comments on the publication, you must sign in.
  1. Krapilin Offline Krapilin
    Krapilin (Victor) 22 June 2022 17: 34
    -1
    "Gold standard" - why not a currency?
  2. Pat Rick Offline Pat Rick
    Pat Rick 22 June 2022 18: 15
    -4
    I don’t know what reserve currency is being worked out there, but I know for sure that not a single bank card issued in Russia works outside of it.

    Western "partners" act extremely irresponsibly, often resorting to uncontrolled emission, thereby flooding their own and other countries with excess money supply.

    Well, the bastards, the sworn "partners", taught Kudrin-Nabiulina-Siluanov to target inflation on our heads, and they themselves printed pieces of paper there.
  3. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 22 June 2022 18: 42
    0
    The two main figures of Brix - India and China are tied with the United States by a bunch of economic, partnership and other relations, and trade with the United States
    India - $120 billion against $12 billion from the Russian Federation and $750 billion. China versus $150 billion from the Russian Federation.
    The issue of creating an international reserve currency based on the Brix currency basket can be discussed indefinitely, as long as their mutual trade turnover does not exceed the turnover with the United States, and their national currencies become stable and do not jump like a rupee from 100 to 50 per dollar, as the head of the central bank says will return to its optimal value of about 70-80 per dollar.
    1. Scharnhorst Offline Scharnhorst
      Scharnhorst (Scharnhorst) 22 June 2022 19: 37
      +1
      At our gas station, the price tag has not changed for half a year, so maybe it's the dollar jumping? Well, in the figures of trade, the main thing is not the volume, but in whose favor the balance is. From the 22nd year it becomes more and more obvious that the printing press is not a panacea.
    2. antibi0tikk Offline antibi0tikk
      antibi0tikk (Sergei) 23 June 2022 01: 18
      +1
      Such a feeling, my overseas brother Jacques Sekavar, that now the time is coming that looking at the figures of money turnover in dollars is not the best thing to do.
      Look, let's say a guy lived in one yard. He drew beautiful pieces of paper and people really liked these pieces of paper. He distributed them, these pieces of paper, to neighbors in the house / yard / block in exchange for real goods: food, clothes, services, furniture, etc. It was convenient for people, after all, the natural exchange of goods for goods remained in the distant cave past, and people needed some kind of generally accepted unit of exchange of goods for goods. For the most part, it suited everyone. Well, after all, an elephant hunter will not exchange the entire carcass of a killed mammoth for a pair of socks and mittens. He will give this carcass in bulk to the butcher for 100 pieces of lads and in exchange for them he will pick up a bunch of necessary goods for himself: a new spear, a warm fur coat for his mother-in-law, flowers for his wife, ice cream for children. And the butcher will cut the mammoth carcass and exchange it in small pieces for a bunch of other beautiful pieces of paper with beautiful drawings of that fellow.
      But there was a problem! The guy is a bit tidy! He began to draw too much of these pieces of paper and put pressure on neighbors, such as giving pieces of paper to someone, but not to someone, he simply appropriated someone's pieces of paper that he had in storage. People didn't like it anymore. Previously, for one piece of paper you could exchange 1 kg of sausage or a cap with a fan or a bicycle bell! But that ghoul drew too many pieces of paper, and now 1 kg of sausage costs 10 pieces of paper! The people became thoughtful and said: Danuna! We do not need your papers, we will come up with something else, but without your dictatorship of Pinochet and apartheid! For some time they still exchanged these beautiful pieces of paper, but they were already switching to a new unit of exchange.
      And here is such a feeling that now is just such a time when the old currency is still in use, but depreciates very quickly. Hello Zimbabwean financiers! So soon people will prefer (or rather ALREADY prefer) 150 beautiful pieces of paper from Russia than 750 pieces of paper from a self-propelled miracle grandfather.
      1. Pat Rick Offline Pat Rick
        Pat Rick 23 June 2022 04: 22
        0
        So soon people will prefer (or rather ALREADY prefer) 150 beautiful pieces of paper from Russia than 750 pieces of paper from a self-propelled miracle grandfather

        I highlighted the keyword. Similarly, one storyteller promised to build communism by 1980. Soon.
  4. InanRom Offline InanRom
    InanRom (Ivan) 22 June 2022 19: 05
    0
    Who thinks clearly, expresses clearly:

    16.35 Statements by Chinese President Xi Jinping at the opening ceremony of the BRICS Business Forum, highlights:
    - The crisis in Ukraine has shown that the expansion of military blocs and sacrificing the security of other countries leads to a security dilemma;
    - the world must fight together against hegemony and the politics of brute force;
    — history has proven that hegemony and bloc confrontation lead not to peace and security, but to war and conflicts;
    - the world community should strengthen cooperation in the food and energy sectors, increase the level of security in these sectors;
    - The imposition of sanctions has a harmful effect on the world community and strikes, including those who impose them.

    Clear, important and to the point. About peace, cooperation and security.

    And who's hurting?

    15.30 Address by the President of the Russian Federation Vladimir Putin to the BRICS participants, the main thing:
    - the macroeconomic policy of the Russian Federation in fact shows efficiency against the backdrop of sanctions;
    — Negotiations are underway to open Indian stores in Russia, increase the share of Chinese cars and equipment in the Russian market;
    — there is an expansion of the geography of use of the Russian payment system MIR, and the issue of creating an international reserve currency based on the BRICS currency basket is being worked out;
    — the Russian financial messaging system is open to connecting banks from the five countries;
    - Western partners neglect the basic principles of a market economy, free trade, the inviolability of private property, pursue an irresponsible macroeconomic course, including the launch of a printing press;
    - Western sanctions are contrary to common sense and elementary economic logic, and also go to the detriment of the interests of business on a global scale.

    Again "Western partners"?! although they clearly say that Russia must be destroyed. Have not eaten yet - "the market will decide everything" ?! And instead of a clear position and development of their industry and production - a solid "market economy", "inviolability of private property", "free trade", "economic logic", banks, currency and "macroeconomics". And, the key is the "interests of business" ... Not the country or the people, but business ...
  5. Sergey Latyshev Offline Sergey Latyshev
    Sergey Latyshev (Serge) 22 June 2022 19: 50
    0
    Yes, the ruble will say, there will be a ruble.
    with a turnover within the BRICS under 200-300 billion ....
  6. Krapilin Offline Krapilin
    Krapilin (Victor) 22 June 2022 20: 18
    0
    According to the Russian president, specialists are currently working to create a reliable system of international payments.

    Especially for specialists: first, a 100:1 monetary reform, then instead of the current 100 rubles - 1 new ruble. And this ruble is backed by gold.
    Further - a ban on any circulation in any form within Russia of any foreign currencies.
    Next - the only bank in the country, the State.
    Nothing new…
    1. Pat Rick Offline Pat Rick
      Pat Rick 23 June 2022 04: 28
      0
      It was 100 years ago - the NEP, the golden ruble, and so on.
      And in terms of the number of their "monetary reforms" with the obligatory scam of the population of Russia, they have overtaken any country in the world.
      1. Krapilin Offline Krapilin
        Krapilin (Victor) 23 June 2022 06: 46
        +1
        And what about the NEP?!

        In 1947, a monetary reform was carried out.

        As a result, immediately after the ruble and prices stabilized, a quite predictable, systematic and annual decline in prices for all goods in the country began. And this meant that the USSR market was becoming more and more capacious and capacious, that is, industry and agriculture filled it with goods and products, constantly increasing capacity and production.

        Here are the facts:

        By 1950, the purchasing power of 10 rubles for food and consumer goods was 1,58 times higher than the purchasing power of the US dollar - and this is with practically free housing, medicine, rest homes, etc.

        The currency reform of the ruble inside the USSR in 1947 was only the beginning of the reformatting of Soviet money into one of the strongest currencies in the world without any "worship" of the American dollar.

        The government of the USSR was preparing another important event: the Ministry of Finance planned to establish the gold parity of the Soviet ruble in two years.

        And installed it!

        There is information in the public domain, as in February 1950, the Central Statistical Office of the USSR, on an urgent assignment from I. Stalin, recalculated the exchange rate of the new ruble. Soviet experts, focusing on the purchasing power of the ruble and the dollar (they compared the prices of goods), deduced the figure of 14 rubles for 1 dollar.
        However, according to the head of the Ministry of Finance Zverev and the head of the State Planning Committee Saburov, on February 27 Stalin crossed out this figure and wrote: "At most - 4 rubles."

        No complicated macroeconomic formulas, no lengthy reports by financiers with brain-crushing scientific verbal constructions, no abstruse speeches by analysts, no cries of modern pseudo-economic bloggers: “Is it really possible!?”, no groans of the current Russian oligarchs: “What are we for? ? - simply and briefly: "4 rubles and not a penny more!".

        And MOST IMPORTANT - no consultations with the IMF, IBRD, GATT and the US in general!
        The USSR was thus protected from the dollar.
        1. Pat Rick Offline Pat Rick
          Pat Rick 23 June 2022 09: 02
          0
          Despite the fact that everything you have proposed has already been, but quickly ended.
          Did you imagine that I kicked your beloved Soso? I didn't have that in my mind.
          This educational program of yours is completely off topic here: that country died a long time ago, and its mustachioed leader died even earlier. In the days of the USSR, financial ends never met, and then they carried out a "reform" with the obligatory swindle of the entire Soviet people. I'm already silent about various working loans, loans, and bonds.
          1. Krapilin Offline Krapilin
            Krapilin (Victor) 23 June 2022 09: 26
            0
            Kidalovo!?
            In the USSR, 0,5 liters of milk (in a bag) from 1961 to 1990 cost 16 kopecks.
            That is ONE PRICE - for decades.
            I expect from you an educational program on price stability "in Europe".

            And if the USSR "ended" then why did you decide that the European Union could not "end"?
            1. Pat Rick Offline Pat Rick
              Pat Rick 23 June 2022 10: 07
              -4
              About milk - nonsense. There were 3 belts in the USSR, and that milk in Krasnodar and Murmansk cost differently. He still had to be found in the store (outside the Moscow Ring Road). But most Soviet people saw that milk infrequently.
              And in 1990, I can even remember Moscow: everything is empty, roll a ball, but for the whole supermarket there is a line of 70 people for cheese.

              That's when the EU "ends", then you will squeal joyfully here. And the USSR has already died 30 years ago.
              1. Krapilin Offline Krapilin
                Krapilin (Victor) 23 June 2022 10: 27
                +1
                Bullshit!?
                The "Northern belts" had salary bonuses, popularly referred to as the "long ruble". We are talking about the European part of the USSR.
                The fact that in the USSR the Soviet people "did not see milk" is confirmed by the fact that you are a very poorly thinking anti-Russian propagandist: because you were told not "after" 1990, but "before" it.
                And we will squeal "not we" - the EU is already squealing along with your squeals. So to speak - in death throes. Amen...
                1. Pat Rick Offline Pat Rick
                  Pat Rick 23 June 2022 14: 37
                  -2
                  The fact that in the USSR Soviet people "did not see milk" is confirmed by the fact

                  that there were so-called "sausage trains" on which Soviet people from Ryazan and Tver traveled to Moscow for sausage, butter, cheese and other things. And it was in the European part of the USSR, in the 70-80s, "developed socialism", so to speak. My wife told how she and her parents rode 70 km one way from Dmitrov to Moscow, and this despite the fact that Dmitrov had its own dairy and meat processing plant, which sent all their products to Moscow.
                  "Long, green, smells like sausage." What is this? -
                  Krapilin (Victor) drove to Moscow for sausage.
                  1. Krapilin Offline Krapilin
                    Krapilin (Victor) 23 June 2022 15: 30
                    +1
                    The question of the "nuances" of supply in the USSR is not a question of the absence of "food" in principle. If in Moscow the assortment of sausages was wider than in the Kaluga province, this does not mean that there was no sausage in principle in that province.
                    If you are trying to lie, then try to do it more talentedly.
                    As for prices:

                    Sausage "Amateur" - 2 rubles 90 kopecks, 1kg., 1961-1990
                    Sausage "Language" - 3 rubles 40 kopecks, 1 kg., 1961-1990
                    Ham "Tambovsky" - 3 rubles 70 kopecks, 1 kg., 1961-1990
                    Ham "Voronezh" - 3 rubles 40 kopecks, 1 kg., 1961-1990

                    Etc:

                    1 kilogram of Rossiysky cheese cost 2 rubles 90 kopecks + change. Almost the same cost was 2 kilograms of tangerines + change - 1 ruble 30 kopecks per kilogram. But oranges were not in special demand, because they cost 3 rubles per 1 kilogram. A kilogram of pork - 2 rubles 50 kopecks + change; 1,5 kilograms of beef at a price of 1 ruble 80 kopecks per kilogram. 30 chicken eggs at a price of 90 kopecks per dozen + change. Cake "Leningrad", 1 kilogram - 2 rubles 60 kopecks + change. Lunch in the canteen at the plant - from 40 to 60 kopecks: "first", "second" and compote. And if the dining room is on the street, then for 1 ruble = borsch, goulash with mashed potatoes, a glass of sour cream, two compotes, a cheesecake. For 3 rubles, it was very decent for one person to have a meal in a restaurant with quality dishes ...

                    By the way, if your wife (?!) told you such "passions" about life in "developed socialism", then where did you live with your parents at the same time?
                    1. Pat Rick Offline Pat Rick
                      Pat Rick 23 June 2022 16: 10
                      -3
                      If you are trying to lie, then try to do it more talentedly.

                      It's you who is lying here.
                      Precisely because the USSR was never able to feed its citizens to their fill, these citizens in 1990-91 literally spat on that country, allowing it to simply fall apart.
                      You do not crucify here too much - I still do not read your nonsense.

                      By the way, if your wife (?!) told you such "passions" about life in "developed socialism", then where did you live with your parents at the same time?

                      Yes, Vityunya, I live with my wife. Where did I live? - It shouldn't concern you at all.
                      1. Krapilin Offline Krapilin
                        Krapilin (Victor) 23 June 2022 18: 53
                        0
                        First, if you answer, then you are reading. That is, about the fact that you do not read "Krapilin's nonsense" - you are lying again.
                        However, this is your usual state of "discussologist".

                        However, perhaps you are lying again, as well as about the fact that the USSR could not feed its citizens.
                        In the dates cited by Krapilin, namely from 1961 to 1990, that is, the years of developed socialism, there was no famine anywhere in the USSR from the word at all.
                        You still did not understand that the main reason for the collapse of the USSR was from the sphere of ideology, and not for "gastric reasons."

                        By the way, it is with the ideology in the EU today - a complete "two-sided buttock".
                      2. Pat Rick Offline Pat Rick
                        Pat Rick 24 June 2022 16: 28
                        -1
                        In the dates cited by Krapilin, namely from 1961 to 1990, that is, the years of developed socialism, there was no famine anywhere in the USSR from the word at all.

                        1) You are not yet in the subject, Vitek, that in 1961 there was the XXII Congress of the CPSU, at which Khrushchev announced a program for building communism in the USSR by 1980. COMMUNISM BUILT, not some DEVELOPED SOCIALISM.
                        2) When by the end of the 60s the deal with COMMUNISM began to falter, then Brezhnev's ideologists came up with a kind of "DEVELOPED SOCIALISM" that could last for who knows how many years, damn it, for a very long time.
                        3) And this very "developed socialism" did not last until 1990, as you blather here, but died exactly with Leonid Ilyich in November 1982. Under Andropov, Chernenko and Gorbachev, no one even remembered this "developed socialism".
                        4) And in the ignorance of these details lies, Vityok, your poultry education and a very close vision of the world around you.
                        But don't be upset! I’ll give you a handbook of the history of the CPSU as a present of 1982 release ... you’ll understand the terms there ... you’ll tighten up the theory ... you’ll repeat the dates.
                2. Vladimir1155 Offline Vladimir1155
                  Vladimir1155 (Vladimir) 23 June 2022 19: 23
                  0
                  you confused sausage with milk young man, and you also haven’t heard about low state prices, and on the meat market there was plenty everywhere in the entire USSR, at the market price that you now see everywhere
  • 1_2 Offline 1_2
    1_2 (Ducks are flying) 23 June 2022 00: 25
    0
    you don’t need to create anything, it’s enough to trade on barter, it’s even more fair, the production of the two countries is stimulated, and their foreign trade balance is evened out.
    it is not necessary to accumulate foreign currencies, due to their depreciation, to stock up goods for sale in the Russian Federation or in other markets, for example, they exchanged oil for Indian tea, sold the surplus to a third country. and if the Russian Federation is not interested in the country's goods, then there is nothing to export there for local candy wrappers, let them pay with resources in gold, etc.
    1. k7k8 Offline k7k8
      k7k8 (vic) 23 June 2022 10: 39
      +1
      Quote: 1_2
      enough to barter

      And we will pay taxes with family cowards and pay salaries to people in greyhound puppies.
      As already pulled up by these flat-earthers of various stripes.
      1. 1_2 Offline 1_2
        1_2 (Ducks are flying) 23 June 2022 11: 45
        0
        you’re the generation that’s not up to the minds called the Unified State Examination, they’ve already got everyone, they would sit and be silent, but no, give them some nonsense to write .... everyone worked on barter for a long time and paid taxes in their national currency
        1. k7k8 Offline k7k8
          k7k8 (vic) 23 June 2022 13: 36
          +1
          Quote: 1_2
          would sit and be silent

          We sat in silence, like the last i_d_i_o_t_s, in December 1991, when bawlers like you, the Union was falling apart.
          Dear, I am at least twice as old as you. You are the victim of the USE (although the USE itself is not so bad. The implementation of this method of assessing knowledge in Russia is ugly), and I have an engineering diploma issued in 1984. And what kind of trash and stone age this trade and settlement of barter is, I know better than you - not from the stories of illiterate couch iksperds like you, but I experienced it in my own skin. Your level of education does not even allow you to write without grammatical errors (and there is no need to tell here that we are not writing a dictation).
      2. Vladimir1155 Offline Vladimir1155
        Vladimir1155 (Vladimir) 23 June 2022 19: 25
        0
        you, young man, have confused foreign trade, which the uv expert proposes to transfer to barter, and domestic trade, with which taxes are undoubtedly paid in national currency
        1. k7k8 Offline k7k8
          k7k8 (vic) 24 June 2022 09: 30
          0
          Quote: vladimir1155
          uv expert offers to transfer to barter

          Xperd has sawdust in his head (but Winnie the Pooh will still be smarter than him). Read his nonsense carefully.

          Quote: vladimir1155
          internal with which taxes are indisputably paid in the national currency

          And where will you get the money for taxes and wages if you have barter warehouses full of all sorts of crap, and there is an absolute zero in your accounts? And how are you with local power grids / water utilities / communications / health care / educators, etc. offer to pay by barter?
          1. Vladimir1155 Offline Vladimir1155
            Vladimir1155 (Vladimir) 24 June 2022 21: 31
            -1
            if I have full warehouses of goods, then I can easily get money by selling these goods on the domestic market, for rubles, the issue of rubles is carried out by the Central Bank of the Russian Federation
            1. k7k8 Offline k7k8
              k7k8 (vic) 26 June 2022 21: 31
              0
              Quote: vladimir1155
              if I have full warehouses

              With barter, everyone has full warehouses and an absolute zero on their accounts. I will not repeat the question. Because there is no point.
  • I propose to call the new currency "brix". Adjust the denomination so that 1 brix equals 10 dollars.
    1. Bulanov Offline Bulanov
      Bulanov (Vladimir) 23 June 2022 16: 42
      0
      And I propose to take 1 kilowatt as a reference for the new currency. It will be more honest than colored paper. You can 1 digital kilowatt.
    2. whitebeard Offline whitebeard
      whitebeard 24 June 2022 11: 31
      +1
      No, 1 brix will be equal to the cost of a standard building (not facing) brick in the participating countries;) There is a Big Mac index, and now there will be a Brick index. On banknotes in the RF version, depict: the building brick itself is multi-hollow, on 5 briks - a portrait of the hero of Brick Stas Sadalsky from MVIN, on 10 briks - the group "Bricks";)