BRICS and Its Trade Currency Problem

The half-baked UNIT

Alexey Subbotin, an investor and entrepreneur, and Ji Luo, an investment manager running investment operations for family offices and a computer engineer by training wrote a paper on a proposed BRICS trade settlement currency they called the UNIT

(https://wp.unitfoundation.org/).

It is generally assumed by some of the few western commentators who follow the BRICS story that it will be the basis of a proposal to be put forward at the BRICS summit. A Russian specialist working ...