The much-hyped idea—forget a launch—about a gold-backed BRICS currency has died without a whimper for now. As the economic bloc, comprising Brazil, Russia, India, China and South Africa, concluded its 15th summit in Johannesburg on Thursday, introducing a currency to counter the dollar wasn’t even on the agenda.
De-dollarisation, a distant dream: How a common BRICS currency has bumpy road ahead comes via ChinaTechNews.com.
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