Does BRICS Need Its Own Currency?, by Pepe Escobar

The new era opened with the strategic tour de force inbuilt in the creation of BRICS 11 involves the make-or-break issue of setting up a new international economic/financial strategy. Right at the heart of fervent discussions are the merits of designing a new BRICS currency. Brazilian economist Paulo Nogueira Batista Jr., a former IMF director...

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