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 ... .... To put things into perspective a comparison with the most widely discussed monetary union would seem only appropriate. The Eurozone. According to the classifications a monetary and fiscal union is the last stage before complete economic integration ...