The BRICS summit concluded on Thursday. Many discussions related to financial reforms took place at this conference. The image of a coin, on which the photo of the Taj Mahal is printed, is going viral on social networks. With this currency it is stated that Russian President Vladimir Putin has announced the BRICS currency as an alternative to the US dollar and has promoted the idea of de-dollarization. Dedollarization means trading in currencies other than the US dollar. At the same time, with images of the coin going viral, a new debate has started on social media. Citing Putin’s comments on social media, it was stated that the dollar is being used as a weapon and that it is a big mistake for those who use it in this way.
Now we will tell you whether there will be an image of the Taj Mahal of India on the banknotes of the BRICS countries. And have the BRICS countries given their consent to this bill? On October 23, when the annual conference of the BRICS countries was held in the Russian city of Kazan, these images were the most discussed around the world.
These photographs are from the moment when a Russian official handed a banknote to President Vladimir Putin and after showing it to his ministers, President Putin handed it to the director of the Central Bank of Russia.
And the Russian media has also published an image of this banknote, which shows the Taj Mahal with the tricolor flag of India and now there is a lot of controversy in our country about it. People write on social media that instead of Taj Mahal, the image of Ram Temple of Ayodhya, Ashok Chakra or “Konark Temple” of Odisha should not have been printed on this note and whether showing Taj Mahal on this note goes in against ancient civilization. of India. And isn’t it an insult to culture?
Mughal Emperor Shah Jahan is believed to have built the Taj Mahal in the 17th century in memory of his third wife, Mumtaz Mahal, who, at the age of 38, spent 30 hours in pain after giving birth to their 14th child. until his life. At that time, Shahjahan was so deeply shocked by the death of Mumtaz Mahal that he built the Taj Mahal out of white marble, which later became the seventh wonder of the world.
But today, after the image of the Taj Mahal appears printed on the banknotes of the BRICS countries, people are opposed and say that the Taj Mahal is a mausoleum, which can never be a symbol of India’s cultural identity at the level international. So think, how the image of a note has brought out people’s feelings against the Taj Mahal and this shows that many people in India do not associate the Taj Mahal with the cultural identity of their country?
The note is currently considered only symbolic.
However, the banknote that gave rise to all this controversy is currently considered only symbolic, that is, neither the BRICS countries have accepted this banknote nor does the Taj Mahal appear on the latest banknote of the BRICS countries. Will it be an image? Apart from this, this symbolic note was also prepared by the officials of the Russian Diplomatic Mission in South Africa, which they also handed over to the Ambassador of the United Arab Emirates, but there was no discussion with the BRICS countries to make this symbolic note and it was only for show. which was created to see what kind of currency the leaders of the BRICS countries can create in the future.
Image of the Taj Mahal processed into currency
Even now, this is continually discussed among the leaders of the BRICS countries, but there is also the fact that no formal currency of the BRICS countries has been announced yet and the banknote on which the image of the Taj Mahal is seen, is only It is a symbolic image and has no relation to the real banknote and the most important thing is that yesterday, when President Putin gave this banknote to the head of his Central Bank, he said that he liked to see this banknote. He didn’t come.
Today you should also know why the leaders of the BRICS countries want to create their own separate currency and why it is called de-dollarization.
Payment is made in US dollars.
For example, if India buys crude oil from Saudi Arabia, then it has to pay for it in US currency, US DOLLAR, while India’s currency is Rupee and Saudi Arabia’s currency is Saudi Riyal.
This happens because most countries in the world trade with each other in American currency and this began in 1944 during World War II. At that time the US currency was stable and seeing this, almost all countries decided that from now on they would trade with each other in US DOLLARS. And when they need it, the United States will give them gold from its gold reserve in exchange for these dollars. Although this system changed in the 1970s and 1980s, when gold reserves in the United States began to empty, trade between different countries around the world continued in US dollars.
54% of international trade is carried out in US currency.
And even today, 54 percent of the world’s international trade is conducted in the US currency, which is why the US currency remains strong and stable and because everyone uses the US SWIFT banking system as a payment system, so that the five fingers of the United States are always there. ghee. And the United States also takes advantage of this to serve its interests and has done so many times against Russia and China, which is why now, among the BRICS countries, Russia, India, China, South Africa and Brazil are creating their own currencies. which will reduce the dependence on doing business in dollars and these countries will be able to do business in their own separate currency.
And this is called Dedollarization, which the United States opposes and Donald Trump has announced that… if he becomes President, he will impose 100% tariffs on countries that do business in other currencies instead of dollars and with this they will be able stop the United States from doing business can also understand the arbitrariness of. However, it may take a long time until the BRICS countries have their own currency and President Putin himself has accepted this.
Nowadays, when there is a currency war all over the world, then we remember the thought that money has taken such a hold that man has forgotten that money has not created him, but he has created the money.
