BRICS - Is A Common Currency Such A Good Idea?

... fiscal framework of all the member states. Furthermore it means that the respective countries can no longer use their isolated monetary policy to increase their competitiveness. This may pose a challenge for the BRICS who pride themselves on their competitive ... ... 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 ...