Brics Currency Economist Discusses Unprecedented Arrival

Last updated: June 9, 2025, 03:54

Brics Currency Economist Discusses Unprecedented Arrival

Policymakers appear particularly troubled by

In a recent article discussing the BRICS currency, economist Jim Rickards discussed the “unprecedented,” arrival of the currency. Moreover, the author of Currency Wars discussed the

Policymakers appear particularly troubled by unprecedented U.S. and European economic sanctions that froze half of the Russian central bank’s gold and foreign

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A BRICS currency replacing the

A BRICS currency replacing the dollar is a ‘ridiculous’ idea, says the top economist who named the groupunless China and India become allies

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Economist Alexis Habiyaremye discussed the challenges a common BRICS currency could pose to the U.S. dollar’s global reserve currency status in an interview with

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The Russian report to the

BRICS Currency: Economist Discusses “Unprecedented” Arrival

The Russian report to the BRICS summit recommended a common platform for cross-border payments using a set of BRICS central-bank digital currencies. This could

Economist: BRICS common currency is a ‘ridiculous’ idea

But as The Economist reported

Chinese leaders have been encouraged to propose their own currency for BRICS internal trade. Russia observes this development closely, whilst India is reluctant.

But as The Economist reported last week, the platform the BIS helped to develop is being eyed by Russia’s president, Vladimir Putin, as a model to create a BRICS