Podcasts · Patrick Boyle On Finance
Would a BRICS Common Currency Work?
· 22 min
Episode Would a BRICS Common Currency Work?
Send us a textThe BRICS nations have been discussing the idea of creating a new currency to facilitate overseas trade. The idea was put forth by Russia as it faces economic sanctions from the West over its invasion of Ukraine.Meanwhile, some of the BRICS countries have already ditched dollar and are now trading in their local currencies.Brazil and China signed an agreement last month to abandon the dollar as an intermediary and settle bi-lateral trade in their own currencies and as many as 18...
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