10 Hrs
Source:
الاقتصادية
Source: الاقتصادية
10 Hrsالاقتصادية
Source: الاقتصادية
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The “BRICS+ Thinking” report concluded that establishing a joint cross-border payments mechanism among BRICS+ countries is more feasible than issuing a single currency and could reduce reliance on the US dollar. This would require commitment from central banks and the completion of the necessary technical infrastructure. A single currency, meanwhile, faces economic and institutional obstacles, including the need for a common monetary authority, greater central-bank independence, and the liberalization of capital flows—as well as the difficulty of countries relinquishing control over their monetary decisions. Its prospects therefore do not look promising at present, while the group’s members continue to explore closer links between their payment systems and greater use of local currencies.
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