Brazil to propose embryo of Brics currency at summit

[Oleg 🇰🇿🤝🇺🇦]

What would it be called, the Pomposity?

The GLOBAL SOUTH, shurely?

BRICScoin

Just the renminbi. It's more appropriate to compare the BRICS with the British Empire of the 19th century in its Chinese adaptation than with the EU.

[Oleg 🇰🇿🤝🇺🇦]

How would the BRICS currency avoid the issues that the Euro has faced, since the BRICS countries are much less-integrated and more unevenly developed than the Eurozone, and China, given its huge population and GDP, would be much more dominant within a BRICS monetary union than Germany is within the EU/Eurozone? 40% weight for the RMB sounds like a raw deal for China when it has 72% of the BRICS GDP (yes, you read that right. 72%).

This is very revealing.