The 15th BRICS summit is going to be very interesting which will be held on 22 – 24 August (about a month from now) and some are saying the BRICS new currency will be revealed then. This could potentially have a significant effect on the ongoing dedollarisation around the globe.
This summit of the BRICS countries still arouses a very lively interest in that South Africa is the host country and Putin should be present as president of Russia. Now passions are running high as South Africa is a member of the International Criminal Court and is obliged to comply with an arrest warrant issued by this court against Putin. In South Africa, they are still looking for options on how to get out of this delicate situation.
Nevertheless, in relation to the new currency of the BRICS countries, even among the members of this union there is no single vision of what kind of currency it could be. Therefore, in this matter, I do not expect any sensations. In any case, it will be another type of fiat and the appearance of the cryptocurrency will not be affected.