What is BRICS currency and how it will impact Dollars dominance

Brazil's President Luiz Inacio Lula da Silva has proposed the creation of a common currency among BRICS nations to mitigate the impact of fluctuations in the US dollar exchange rate. While the idea of a unified currency has potential benefits, its implementation faces significant challenges.

Updated on: August 24, 2023, 06.27 PM IST
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