REPORT: BRICS launched a new currency called ‘the Unit,’ which is backed 40% by gold and 60% BRICS national currencies, equally weighted between the Brazilian real, Chinese yuan, Indian rupee, Russian ruble, and South African rand. The world’s leading emerging markets are searching for a way to ditch the dollar, and the BRICS ‘Unit’ is […] The post BRICS launches a new currency called ‘the Unit,’ which is backed 40% by gold and 60% BRICS national currencies first appeared on The Zambian Observer .