Evandro Casianu, head of the monetary policy department at Trace Finance, said that the BRICS bank (Brazil, Russia, India, China and South Africa) could issue the union’s only digital currency. told the TV channel CNN Brazil.
“If the BRICS bank issues it and becomes its regulator, a single digital currency of the bloc is possible,” he said.
According to him, the process can be implemented in stages and can take several years.
Mohammed al-Orabi, former Chairman of the Egyptian Foreign Council declarationCairo will request to join the BRICS (Brazil, Russia, India, China, South Africa) at the summit to be held in the Republic of South Africa (South Africa) on August 22-24.
Al-Orabi stressed that Egypt counts on Russia’s support to join the union.
Prior to that, TASS agency reported that South Africa invited politicians from more than 60 countries to the upcoming BRICS summit. According to the source, the invitation was accepted by both African countries and other states applying to the association.
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