News

Wed Dec 24

What is the BRICS ‘UNIT’ – and could it really challenge the US dollar?

Written by Chris Ogden, Associate Professor in Global Studies, University of Auckland, Waipapa Taumata Rau

At a major summit in Russia last year, a banknote was unveiled that carried more symbolism than monetary value.

It hinted at the growing ambitions of BRICS+ – a group of emerging economies anchored by Brazil, Russia, India, China and South Africa – to develop alternatives to the existing global financial...

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