BRICS - Is A Common Currency Such A Good Idea?

The idea of creating a common currency for the BRICS nations has been brought up numerous times throughout the past year. With the establishment of new alternative financial institutes that are supposed to counterbalance the existing IMF and World Bank, this initiative may not seem as far-fetched and unrealistic as before. However is this really the only way to guarantee less dependency on the economic reign of the dollar and euro? In an interview with the Russia&India Report Oleg Sienko, Director...