BRICS - Is A Common Currency Such A Good Idea?

... BRICS who pride themselves on their competitive prices of natural resources, labour and production. The establishment of an alternative financial architecture has become the slogan of the economic cooperation between the BRICS. However in my opinion a common currency is hardly a sustainable option, as it will only artificially homogenise the financial framework of the BRICS at surface level, which may cause more problems than it was initially aimed at solving. Photograph courtesy of http://emergingequity.org