The last BRICS meeting on 06/23, with open criticism of western sanctions by China and Russia, showed well what the emerging economies are discussing at the moment: how to escape dollarized debt? Or better yet: how to implement an alternative system to the one established at Bretton Woods?
Vladimir Putin, the Russian president who overnight became “persona non grata” in Europe, is already talking openly about a possible basket of BRICS own currencies as an alternative to strengthen the national economies, with the most advanced countries, for example Russia itself or China, working openly with an economy of real production based on resource ballast for their national currencies, in the Russian case the Gaso-Ruble becomes a character, in the Chinese case, the PetroYuan emerges as an alternative to strengthen the Chinese currency.
https://thesaker.is/the-brics-show-themselves-as-an-alternative-to-the-current-international-financial-system-but-still-with-caution/
