‘BRICS currency replacing the dollar is a ridiculous idea unless China and India become allies’
In their push to dethrone the US dollar as the world’s largest reserve currency, the BRICS nations - Brazil, Russia, India, China and South Africa - have been talking up the idea of a common currency for years. But Jim O’Neill, the veteran economist who coined the term BRIC criticized this plan.
O’Neill: “It’s just ridiculous. They’re going to create a BRICS central
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