BRICS Nations Pursuing New Shared Currency to Reduce Dependence on US Dollar

BRICS countries are working on creating a new global currency to facilitate trade settlement among member states
The goal is to reduce dependence on the US dollar and give more prominence to the new BRICS currency
Keeping the debt-heavy US dollar as a reserve currency poses economic risks for BRICS countries
BRICS nations are accumulating gold reserves instead of dollars to diversify away from USD
The BRICS Sherpa confirmed they are advancing work on the shared currency and payment system, to be discussed further at the next BRICS summit in Russia