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What is BRICS Currency Development and Trade Shift about?

BRICS is an acronym for Brazil, Russia, India, China and South Africa, the five leading emerging market economies. A Goldman Sachs economist coined the term in 2001 to describe that these economies would dominate the global economy by 2050. Now, a top Russian official has claimed that the BRICS countries are working to create their own currency to reduce dependence on the US dollar and euro. Furthermore, China

Author

Mohammad Waleed

Language

EN