126 countries have met at BRICS VI International Municipal Forum (IMF) in Moscow August 27-28 to discuss numerous topics including the abandonment of international trade in the U.S. fiat debt-backed dollar in favor of a BRICS commodity-backed currency.
BRICS is an acronym for Brazil, Russia, India, China and South Africa the founding member states of the intergovernmental organization. Since its inception in 2009 numerous other member states have joined.