COMMITMENT OF

However

‘A Flawed Idea’: Why A BRICS Currency Is Overrated

However, one economist suggests that the BRICS currency would greatly benefit from being pegged to the Chinese yuan. Specifically, Poenisch discussed the process

“I’m not very optimistic about a new BRICS currency, but I am relatively optimistic that sooner or later, the Chinese yuan will become convertible and start trading at

Currency Peg Challenges

Dollar Dominance: Chinese Yuan, BRICS Currency

BRICS has formed a development bank in China called the New Development Bank. To have a BRICS currency, however, BRICS would need a central bank.

Currency Peg Challenges: A unified BRICS currency would likely be pegged to China's monetary system, creating conflicts among diverse economies with different growth

To Navigate These Differences

BRICS Currency: How It Could Work, Why It Likely Won’t, And

To navigate these differences, the BRICS currency could function as a supranational currency similar to the IMF’s Special Drawing Rights (SDRs) or be pegged to a

BRICS and the Currency Wars - China Econ Group

The BRICS R5 project: is it feasible? - Modern Diplomacy

BRICS will not create a currency, but the yuan may become

Exploring the BRICS Alternative Currency - localandglobaleco.com

BRICS Currency: Could it be Pegged to the Chinese Yuan?