Foreign ministers from BRICS (Brazil, Russia, India, China, and South Africa) met to discuss expanding the Global South-led bloc and creating a new global reserve currency to challenge the US dollar.
They can have something like the ECU (the predecessor of the Euro), which was a non-circulating currency. There would still be significant challenges to achieving it but at least it doesn’t sound outright impossible.
They can have something like the ECU (the predecessor of the Euro), which was a non-circulating currency. There would still be significant challenges to achieving it but at least it doesn’t sound outright impossible.