The BRICS nations have recently announced their intention to create a gold-backed common currency for use in trade. This market will resolve YES if, by Jan 1st 2025 at least one of the BRICS nations has introduced a gold-backed currency.

In order to count as gold-backed, the currency must: have provable gold reserves audited by a reputable third party and have a fixed rate of exchange (the gold standard). I will not count it if the currency is unavailable for use outside its country of origin (this is to forestall some of the central bank shenanigans that e.g. China is prone to). It doesn't matter if the currency is physical bills or purely digitally issued. I will count a simple ledger system used to balance accounts between the member nations so long as it is backed with proven gold reserves.

If bettors have any additional suggestions for refining the resolution criteria, I'm open to them - so you may expect a few changes that are intended to better capture the spirit of "will they actually make a currency they can't inflate and then really use it?" I will not bet on this market.