HomeSiluanov's remarks came during an interview with CGTN TV channel during which he said that the situation with currencies such as the dollar and the euro causes some risks, such as freezing assets and terminating settlements."This means undermining confidence in such currencies, so within the framework of the BRICS we are looking for opportunities to create alternative types of settlements and an accounting system," Siluanov said. Siluanov explained that this is not a single currency, as is the case in the European Union, but a unit of account as an alternative to the dollar."Where the cost of delivering goods and standards can be expressed for some goods in order not to rely on the single currency or the issuing center that does not understand how and in what sizes these banknotes are issued," he added.
Russia: BRICS discusses the establishment of a unified accounting system to replace the dollar
2023-08-22T13:59:59.100Z
Highlights: Russian Finance Minister Anton Siluanov says the BRICS countries are discussing the possibility of creating a single unit of account. He says the situation with currencies such as the dollar and the euro causes some risks, such as freezing assets and terminating settlements. "We are looking for opportunities to create alternative types of settlements and an accounting system," he said in an interview with CGTN TV channel. The Russian Finance Minister explained that this is not a single currency, as is the case in the European Union, but an alternative to the dollar.
Russian Finance Minister Anton Siluanov announced that the BRICS countries are discussing the possibility of creating a single unit of account, which would be an alternative to the dollar.
Source: sputnik