BRICS Currency: Would a New BRICS Currency Threaten the U.S. Dollar?

Members of countries that form the group called BRICS (which includes Brazil, Russia, India, China, South Africa, and six others) have floated the idea of creating a shared currency. While no such currency exists yet, recent summits have brought the concept into the spotlight. The idea raises important questions: Could it reduce the U.S. dollar’s […]

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