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Absolutely astonishing that Iran and Saudi Arabia would be admitted side-by-side. Geopolitical arch-rivals joining the same economic bloc like this might signal a watershed moment for multipolarity.

  • Tankiedesantski [he/him]
    hexagon
    ·
    1 year ago

    I don't think a Euro-style common currency would be on the table (that'd be a clusterfuck). They're talking about a gold-backed currency to settle international trade in. For example, when Russia sells oil to India, they currently pay in Yuan because India doesn't export enough back to Russia.

    With a settlement currency, they could settle in BricsBux instead.