Kremlin pours cold water on BRICS currency speculation ...News

The process of setting up a dollar alternative is complex and will take time, according to Dmitry Peskov Introducing a single currency in the BRICS group of developing countries would be difficult to do in the short term, Kremlin spokesman Dmitry Peskov said on Thursday. The economic bloc comprising Brazil, Russia, India, China, and South Africa has been debating the feasibility of creating a common currency for global trade as an alternative to the US dollar. The idea is supported by numerous other nations that want to join BRICS. “Certainly, expert discussions are underway about the possibility, expediency and f

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