Could the BRICS "R5 currency" become a currency like the EURO?
The BRICS union of Brazil, Russia, India, China and the Republic of South Africa is taking its place in the world economy. Currently, it is one of the markets with a strong perspective, it produces about 26% of the global gross domestic product. Especially as China and Russia's relations with the US cool down, BRICS has an opportunity to show its strength.
AYAKOZ KHANETOVA: The idea of issuing a common reserve currency for BRICS was mentioned. If Russia was not under sanctions, would it have remained an idea on paper...
17.07.2023
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