BRICS - Is A Common Currency Such A Good Idea?

... stimulate economic growth and further strengthen the ties between the five countries. His opinion is backed up by the belief that a common currency would “enable us to move away from the dependency on Western financial centers and the US dollar as the ... ... only appropriate. The Eurozone. According to the classifications a monetary and fiscal union is the last stage before complete economic integration - which inevitably implies the total harmonisation of the economic, monetary, fiscal and trade policy of ...