14th BRICS summit explained

2022 BRICS summit
Other Titles:14th BRICS summit
Country: China
Date:23 June 2022
(digital format)
Cities:Beijing
Participants:



Chairperson:Xi Jinping, President of China
Follows:13th
Precedes:15th
Compactnav:yes

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.[2] [3] The summit was hosted virtually by video conference.[4] [5] [6]

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.[7] [8]

Notes and References

  1. Web site: BRICS Summit 2022 - Chinadaily.com.cn . 2022-07-23 . www.chinadaily.com.cn.
  2. News: 14th BRICS summit to be held in China: Check date, place and other details . live . https://web.archive.org/web/20220717204055/https://economictimes.indiatimes.com/news/india/14th-brics-summit-to-be-held-in-china-check-date-place-and-other-details/articleshow/92271827.cms . 17 July 2022 . 2022-07-17 . The Economic Times.
  3. News: 2022-06-17 . China's Xi to host virtual BRICS leaders' summit on June 23 - Xinhua . live . https://web.archive.org/web/20220717204055/https://www.reuters.com/world/china/chinas-xi-host-virtual-brics-leaders-summit-june-23-xinhua-2022-06-17/ . 17 July 2022 . 2022-07-17 . Reuters . en.
  4. Web site: Gibson . Liam . At BRICS summit, China sets stage to tout its governance model . 2022-07-23 . www.aljazeera.com . en.
  5. Web site: 2022-06-28 . China Has Urged The West To Read The New 14th BRICS Summit Declaration Carefully. This Is What It Says. . 2022-07-23 . Silk Road Briefing . en . 2023-03-14 . https://web.archive.org/web/20230314184354/https://www.silkroadbriefing.com/news/2022/06/28/china-has-urged-the-west-to-read-the-new-14th-brics-summit-declaration-carefully-this-is-what-it-says/ . dead .
  6. Web site: 2022-06-28 . Two new countries apply to join BRICS, will 'add value'. Details inside . 2022-07-23 . Hindustan Times . en.
  7. Web site: Putin suggests BRICS looking at new global reserve currency backed by hard assets . 2022-07-27 . www.iol.co.za . en.
  8. Web site: Glover . George . Russia and China are brewing up a challenge to dollar dominance by creating a new reserve currency . 2022-07-27 . Markets Insider . en-US.

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