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19.07.2023 11:33 AM
New BRICS currency could bring dollar down

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Robert Kiyosaki said dollar's reign will soon end because the BRICS group plans to announce a new gold-backed digital currency at the summit taking place in Johannesburg, South Africa on August 22 to August 24.

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He explained that soaring inflation pushes dollar down, so market players should buy silver and gold, as well as Bitcoin, which may reach $120,000 next year.

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He said that investors better stock up on the three since a new trade currency backed by gold will be launched by BRICS soon, and more and more countries express their desire to join the group.

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Although the report remains unconfirmed, BRICS Bank VP and CFO Leslie Maasdorp said developing an alternative is indeed the group's medium to long-term goal.

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Although the report remains unconfirmed, BRICS Bank VP and CFO Leslie Maasdorp said developing an alternative is indeed the group's medium to long-term goal.
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Irina Yanina
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