14th BRICS summit

The 2022 BRICS summit is the fourteenth annual BRICS summit, an international relations conference attended by the heads of state or heads of government of the five member states Brazil, Russia, India, China and South Africa.[1] It was the third time that China hosted the BRICS Summit after 2011 and 2017. The summit was hosted virtually by video conference.[2][3][4]

2022 BRICS summit
14th BRICS summit
23 June 2022
(digital format)
Host country China
CitiesBeijing
Participants Brazil
 Russia
 India
 China
 South Africa
ChairChina Xi Jinping
Websitebrics2022.mfa.gov.cn/eng/

Participating leaders

Reserve currency

A major development on the summit was creation of a new, basket type reserve currency. The currency, combines BRICS currencies and is backed by precious metals. [5][6]

References
  1. "BRICS Summit 2022 - Chinadaily.com.cn". www.chinadaily.com.cn. Retrieved 2022-07-23.
  2. Gibson, Liam. "At BRICS summit, China sets stage to tout its governance model". www.aljazeera.com. Retrieved 2022-07-23.
  3. "China Has Urged The West To Read The New 14th BRICS Summit Declaration Carefully. This Is What It Says". Silk Road Briefing. 2022-06-28. Retrieved 2022-07-23.
  4. "Two new countries apply to join BRICS, will 'add value'. Details inside". Hindustan Times. 2022-06-28. Retrieved 2022-07-23.
  5. "Putin suggests BRICS looking at new global reserve currency backed by hard assets". www.iol.co.za. Retrieved 2022-07-27.
  6. Glover, George. "Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency". Markets Insider. Retrieved 2022-07-27.
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