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BRICS Currency: What is it and Could one be Adopted?


What is a BRICS currency, and could one be adopted? Rachel Savage Wed, August 23, 2023 at 10:34 PM GMT+8·3 min read JOHANNESBURG (Reuters) – Brazil’s President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their vulnerability to dollar exchange rate fluctuations. Luiz Inacio Lula da Silva made the proposal at a BRICS summit in Johannesburg. Officials and economists have pointed out the difficulties involved in such a project, given the economic, political and geographic disparities between Brazil, Russia, India, China and South Africa….

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