VLADIVOSTOK, September 11 The BRICS countries need to develop their own currency for trade within the bloc, said Percy Morapedi Koji, co-founder and vice-president of the African Economic Leadership Council.
«We need a new currency that will benefit our own terms. It's time to do things the way we want them. We need to be able to choose who we want to trade with,» Koji said on the sidelines of the Eastern Economic Forum.
According to Koji, the new currency will help strengthen trade ties within the BRICS.
“According to statistics, we will surpass the G20 by 2030,” he added.
In At the end of August, the head of the South African Ministry of Finance, Enoch Godongwana, said that the creation of a single BRICS currency was not discussed by the finance ministers of the group countries at the summit in Johannesburg.
BRICS currently unites Brazil, Russia, India, China and South Africa, but recently there has been a desire to join 23 states have already expressed their participation in the economic bloc, including six that have already received an invitation. Following the summit in Johannesburg, the UAE, Saudi Arabia, Iran, Argentina, Egypt and Ethiopia were officially invited to BRICS; full membership of the new countries will begin on January 1, 2024.
The VIII Eastern Economic Forum will take place on September 10-13, 2023 in Vladivostok on the campus of the Far Eastern Federal University (FEFU). — general information partner of the forum.