BRICS countries are working on their digital currency very fast

The world is now ready to abandon the US dollar completely, but for such a transition, the same dollar needs an alternative that will gain the trust of the representatives of the international community. .

To ensure the confidence of participants in the international process in the new currency, the political weight of the world’s largest economies should be provided, that is why this currency is launched in one of the largest international associations, BRICS.

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Yuri Ushakov, assistant to the Russian president, said: BRICS countries are working on the development and implementation of their digital currency based on blockchain technology. The use of such a currency should be available to states, businesses and ordinary citizens, as well as free from politics.

He said: BRICS will not repeat the mistakes of America, which tried to use its main trump card in the world of international politics as a tactic.

Ushakov said earlier: The BRICS group has already surpassed the G7 in terms of purchasing power parity; The BRICS group also accounted for 35.6% of global GDP, while the G7 accounted for 30.3%.

According to him, by 2028, BRICS status will be improved from the current situation in relation to the Group of Seven, and BRICS member countries will account for 36.6% of the world’s gross domestic product, and the Group of Seven’s share will be 27. It will decrease by 8%.

Referring to the words of the President of Russia in the Federal Parliament of this country, Ushakov said: the total share of BRICS member countries in the world economy is 58.9 trillion dollars; The member countries of this group also account for more than a third of the earth’s landmass (36%), 45% of the world’s population (3.6 billion people), more than 40% of the total oil production, and about a quarter of the world’s exports. .