Mashatile: SA cautious about BRICS currency plans

South Africa Remains Cautious on Adopting BRICS Currency

SA not ready to abandon US dollar for ‘BRICS currency’ – Mashatile

It is part of the

BRICS Common Currency: Why South Africa is Right to be Cautious

Why Is South Africa Quiet on BRICS Currency Proposal? - Modern

It is part of the broader BRICS Cross-Border Payments Initiative, which promotes voluntary, non-binding use of local currencies. Having an actual currency is still light

BRICS currency faces challenges, but potential benefits

South Africa urges careful debate on option of

Why a common BRICS currency might have to wait –

To achieve this goal

Deputy President Paul Mashatile has stated that South Africa is not ready to support the implementation of a common BRICS currency. He explained that the country’s economy relies

South Africa is not able to move away from the US dollar to a potential BRICS common currency in international trade at this stage, Deputy President Paul Mashatile

To achieve this goal, the BRICS coalition, consisting of Brazil, Russia, India, China, and South Africa, has been working on creating its own currency. However, a South