The BRICS nations, originally comprised of Brazil, Russia, India, China and South Africa, are looking to establish a new reserve currency backed by a basket of their respective currencies. (www.nasdaq.com)

submitted 1 year ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[-] huf@hexbear.net 6 points 1 year ago

i would hope that, having seen what the euro is like, no sane country would ever choose to voluntarily hamstring itself again by giving up control of their currency

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this post was submitted on 13 May 2024

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