Post
Topic
Board Economics
Re: BRICS has become eleven countries instead of five.
by
pooya87
on 03/05/2024, 10:29:39 UTC
I was at the BRICS conference last August in Johannesburg. They are NOT going to start a new currency, instead they will just trade in each others' currencies.
The plan to create a new currency is a serious one and has been being discussed for some time now. All you can say is that the said plan is not yet agreed upon by all members to start discussing the details and making it public, like announcing it in the conference you say you've participated in.

The problem is coming up with an agreement specially with weasel regimes like the Chinese who want to force Yuan on everyone replacing the dollar and nobody wants that Cheesy
It is impossible to predict what they'd do in the end.