BRICS+ payments system feasible, common currency faces hurdles, report says
BRICS+ countries should press ahead with a joint cross-border payments mechanism to reduce reliance on the US dollar, but a shared currency would face major economic and institutional obstacles, a think tank report said on Friday. The paper, published by non-profit policy platform BRICS+ Thinking, urged the expanded grouping of major emerging economies led by… Source
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BRICS+ countries should press ahead with a joint cross-border payments mechanism to reduce reliance on the US dollar, but a shared currency would face major economic and institutional obstacles, a think tank report said on Friday. The paper, published by non-profit policy platform BRICS+ Thinking, urged the expanded grouping of major emerging economies led by…
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About this article
- Length
- 56 words · 1 min read
- Published
- November 3, 2026
- Byline
- COM
- Source
- Club of Mozambique