BRICS nations plan to introduce a new currency to promote economic innovation.

The BRICS alliance is showing their resilience and innovation with the introduction of a new world currency. Alexander Babakov, Deputy Chairman of Russia's Parliament, is confident the upcoming summit in South Africa will show how ready BRICS is to implement this initiative. The currency will have a composition free from U.S. dollars or euros, and will be a currency that will benefit China and other BRICS members. China's Central Bank Digital Currency Project and Brazil's crypto adoption serve as examples of how BRICS is ahead of the game when it comes to digital payments. With the added possibility of other countries joining this economic bloc, this could be the start of a new era of currency.

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