MOSCOW, November 28. /TASS/. The Eurasian Economic Commission (EEC) considers it possible to create a new unit of account based on the basket of currencies of the BRICS and the Eurasian Economic Union (EAEU), Vladimir Kovalev, Advisor to the Chairman of the EEC Board, said as quoted in a statement of the EEC.

"The global financial system is changing, there is a need to create a new reserve currency and a settlement currency. Taking into account the structure of trade relations between the BRICS and the EAEU, the use of national currencies in mutual settlements is most justified, and the significant potential for cooperation indicates the possibility of creating a new unit of account," Kovalev said during the BRICS International Business Forum in Moscow.

"It may be interesting and profitable to create a universal payment system involving the issuance of a common payment card (BRICS + EAEU), uniting the national systems of China (Union Pay), India (RuPay), Brazil (Elo), the EAEU member states (Mir, Belkart, etc.)," he added.