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community reserve currency backed by commodities challenges the fiat monetary system and crypto

The BRICS currency community is growing. The alliance now includes Brazil, Russia, India, China, South Africa, Saudi Arabia, the United Arab Emirates, Egypt, Iran, Ethiopia and Argentina. From now on it will be the BRICS+. The BRICS+ money itself, was not the focus of the conference, which took place from 22.-24. August 2023 in Johannesburg, South Africa. The accession of new countries also gives the heralded BRICS+ money more attention then before. Conceivable are different raw materials that can be used for stbility and security. Perhaps one of the reasons, why gold for example, has increased in price, but with relatively high volatility and not to the extend that one might have expected.

Above all, however, is the community of these states on an intercontinental level whose economic potential far exeeds that of the G7. An enormous increase of worldwide acceptance. An introduction within the next two years is suggested. A geo-political move.