Why a BRICS currency is the way forward for the Global South

... bi-polar system dominated by the dollar-yuan duopoly and various multipolar scenarios, involving among other possibilities the creation of a BRICS reserve currency. And it is the prospect of the creation of R5 – the provisional name for the would-be BRICS currency (all BRICS currencies start with the letter “R”) – that is shifting into the epicenter of the increasingly heated global debate. A lot of the arguments concerning the R5 currency are made on the grounds that BRICS do not form an optimal ...