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Russia’s finance chief sees potential for single supranational BRICS currency

It is noted that there is a long way to go before a final decision is made

MOSCOW, February 6. /TASS/. Russian Finance Minister Anton Siluanov sees the possibility of a single supranational currency being created for settlements within the BRICS (Russia, Brazil, India, China, and South Africa).

"Today, as far as such a system goes, we can deliberate about a single system of settlement payments and settlements among friendly countries. Let's take BRICS nations. <...> [The settlement currency] can be some kind of supranational unit of account," Siluanov noted, speaking to Channel One.

However, according to him, there is a long way to go before a final decision is made.

Nonetheless, Siluanov believed that a single financial system covering a large number of countries and existing outside politics was not possible at the moment.

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