{"id":291700,"date":"2024-11-09T14:09:31","date_gmt":"2024-11-09T08:39:31","guid":{"rendered":"https:\/\/www.altnews.in\/english-clone-2026\/?p=291700"},"modified":"2024-11-09T14:09:31","modified_gmt":"2024-11-09T08:39:31","slug":"no-brics-nations-have-not-launched-an-official-joint-currency","status":"publish","type":"post","link":"https:\/\/www.altnews.in\/english-clone-2026\/no-brics-nations-have-not-launched-an-official-joint-currency\/","title":{"rendered":"No, BRICS nations have not launched an official joint currency"},"content":{"rendered":"

An image of what appears to be a currency note with flags of Brazil, Russia, India, China, and South Africa printed on it is doing the rounds of social media with users claiming BRICS has officially announced a joint currency.\u00a0<\/span><\/p>\n

BRICS<\/a>, initially an informal grouping of five countries — Brazil, Russia, India, China, and South Africa — has developed into an intergovernmental organization.\u00a0The term BRICS<\/a> originally denoted a collection of countries experiencing rapid economic growth that would emerge as the dominant economic players of the 21st century. The acronym\u2014derived from the names of the members\u2014has since been adopted as the name of a formal intergovernmental organization that aims to create greater economic and geopolitical integration and coordination among member states.<\/p>\n

An X (formerly Twitter) handle named Russian Market (<\/span>@runews<\/span><\/a>) tweeted the picture with a caption, \u201c<\/span>The BRICS currency. Wow..\u201d<\/span> (archive<\/a>)<\/span><\/p>\n

\n

The BRICS currency<\/p>\n

Wow.. pic.twitter.com\/FbKlGh3mPd<\/a><\/p>\n

\u2014 Russian Market (@runews) October 23, 2024<\/a><\/p><\/blockquote>\n

The tweet has garnered over 9.38 Lakh views.<\/span><\/p>\n

Another X handle, Asia Currency (<\/span>@CurrencyAsia<\/span><\/a>) tweeted, \u201c<\/span>Breaking News: The first printed currency of BRICS nations\u2014Brazil, Russia, India, China, and South Africa\u2014is here! <\/span> Valued at 100 BRICS, this new currency could shake up global dynamics. Is this the beginning of a new financial era? Could this be the challenge that finally topples the dollar? <\/span>\u201d <\/span>in a tweet along with the photo. (archive<\/a>)<\/span><\/p>\n

\n

\ud83c\udf0d Breaking News: The first printed currency of BRICS nations\u2014Brazil, Russia, India, China, and South Africa\u2014is here! \ud83d\udcb5 Valued at 100 BRICS, this new currency could shake up global dynamics. Is this the beginning of a new financial era? Could this be the challenge that finally\u2026 pic.twitter.com\/fiXUgudi2l<\/a><\/p>\n

\u2014 Asia \ud83c\udf0f Currency \ud83d\udcb8 (@CurrencyAsia) November 2, 2024<\/a><\/p><\/blockquote>\n

Several users have shared similar claims.<\/span><\/p>\n