RUSSIA | Sumutmerdeka.id – BRICS, the economic bloc consisting of Brazil, Russia, India, China and South Africa, is planning to launch a common currency as an alternative to the dominance of the US dollar in the global economy.
This step was taken to provide member countries with more diverse international transaction options and reduce dependence on the US dollar currency.
The BRICS currency concept aims to create economic stability for its members and strengthen their position in the global trade arena.
Apart from that, the launch of this currency is expected to shift the large influence that the US dollar has had in the world economic constellation.
BRICS leaders are optimistic that this step will benefit developing countries and create a more balanced global economic order.
The plan, although not yet officially presented, continues to be developed through various bilateral meetings and high-level discussions between BRICS. (S7)
