Putin speaks out on digital currency before BRICS summit

1. Russian President Vladimir Putin said at a press conference held today that they will propose to BRICS countries to use digital currency in the investment process.

Russia will invite BRICS countries to use digital currency in the investment process. This statement came from President Putin.

2. According to TASS, Putin said at a press conference held before the BRICS summit, which opened on October 22, "I will not elaborate, but we want to raise a very important issue with the BRICS. This issue is related to the use of digital currency in the investment process," he said.

"We can create an instrument that is in the interests of both BRICS member states and other developing economies, and in practice will not cause inflation," Putin said.

3. Russian Deputy Finance Minister Sergey Ryabkov announced that the possibility of paying BRICS countries in a fixed currency is being discussed. Putin also said in a statement at the end of September that BRICS countries are studying an independent payment system for international trade.

4. Putin said at today's press conference, "Our door is open to new members." As we all know, Turkey has also announced its willingness to join the BRICS. The alliance consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE.

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