TCS Wire – According to the Indian outlet The Cradle, Russian diplomat Alexander Babokov said the plan will be discussed at the upcoming BRICS summit in August.

Babokov, the Deputy Chairman of Russian State Duma, said the countries want a currency less reliant on the US dollar.

“The transition to settlements in national currencies is the first step. The next one is to provide the circulation of digital or any other form of a fundamentally new currency in the nearest future,” Babokov said. Continue reading →