The author of the personal finance best-seller Rich Dad Poor Dad says dozens of countries are colluding to conjure a new currency that could stand up against the US dollar.
Robert Kiyosaki tells his 2.4 million Twitter followers that he believes BRICS is clearly spearheading a movement to create a new currency that will be backed by gold.
According to the best-selling author, longtime US ally France and 36 other nations are possibly joining forces with the economic bloc in an effort to erode the dollar’s dominance in international trade and foreign reserves.
Kiyosaki is referring to the 15th BRICS Summit in South Africa, which will be held from August 22nd to 24th.
Earlier this month, reports surfaced that the economic alliance of nations is gearing up to unveil a new currency designed to compete against the US dollar.
Representatives in Russia have suggested that a new currency will be discussed at the coming meeting. However, African Ambassador Anil Sooklal has reportedly said that BRICS will not discuss the idea of launching a new currency during the upcoming summit.
Leslie Maasdorp, the chief financial officer of the BRICS New Development Bank, previously said that the bloc has “medium to long-term” ambitions to create a new global currency and challenge the US dollar.
BRICS is a group of economically aligned countries made up of Brazil, Russia, India, China and South Africa.
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