... Foundation (2024).
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. Lissovolik Y. (2018). Boosting the USE of national currencies among BRICS. Valdai Discussion Club. URL:
https://eng.globalaffairs.ru/articles/boosting-the-use-of-national-currencies-among-brics/
23
. Iglesias S. (2023). Lula Backs BRICS Currency to Replace Dollar in Foreign Trade. Bloomberg.
https://www.bloomberg.com/news/articles/2023-04-13/lula-supports-brics-currency-to-replace-dollar-in...
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. Goldman Sachs (2019). With GS Research Report, “BRICs” Are Born. URL:
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... BRICS grouping – along with pushing for the use of yuan as the settlement currency in trade transactions its support for the common BRICS currency project could benefit its economy together with other developing economies through more emphatic de-dollarization. To further diminish dependency risks the new BRICS currency could come with a collective (rather than single country) guarantee of the non-use of sanctions/restrictions associated with the newly created currency.
Admittedly, the creation of a common BRICS currency will not be a magic wand that solves ...
... need. Case in point the death of almost 500,000 (yes half a million children) in Iraq as Dennis Halliday the Former U.N. humanitarian coordinator in Iraq who resigned from his role has talked about in length on this subject.*
After Breton Woods, the US dollar has been the global reserve currency and it just celebrated its 75th anniversary, and yet this timeline deserves some contemplation.
The growing arbitrary application of unilateral financial sanctions has caused tremendous damage with lasting negative ...
