Lorenzo
Mon May 20 2024
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6 answers
1152
How will BRICS currency work?
I'm quite curious about the working mechanism of the proposed BRICS currency. Could you elaborate on how it's envisioned to function? Will it be a single, unified currency, or will it operate more like a basket of currencies? How will it be issued and managed? Will it be backed by gold or other assets? And how will it interact with the existing global financial system? I'm particularly interested in how it might address challenges like exchange rate volatility and promote greater economic cooperation among the BRICS countries.
