Key Takeaways
- The BRICS nations are not discussing a common currency, but rather payment platforms and national currency usage.
- The BRICS summit will be held in Kazan from October 22 to 24, with 33 countries confirmed to participate, including 24 at the level of top officials.
- Financial issues could become one of the priorities of the upcoming Brazilian presidency of BRICS.
Kazan: BRICS is not discussing the creation of a common currency, negotiations are underway on payment platforms and the use of national currencies, Eduardo Paes Saboia, the secretary of Asia and the Pacific at the Brazilian Foreign Ministry, told Sputnik.
“There is no such thing as a ‘BRICS currency discussion.’ There are different levels of technical discussions of payment platforms, the use of national currencies. These issues are being addressed at the level of finance ministries and central banks. They have been entrusted with this by the heads of state in Johannesburg. These issues can be very technical, you need to be consistent and professional,” Saboia said.
He added that financial issues could become one of the priorities of the upcoming Brazilian presidency of BRICS.
From October 22 to 24, the BRICS summit will be held in Kazan with the participation of heads of state. The Tatarstan authorities reported earlier that a large number of foreign delegations would arrive in Kazan — 33 countries have confirmed their participation in the BRICS summit, including 24 at the level of top officials
