'Forget Brics currency'
De-dollarisation 'desirable' but a substitute currency is a long way off
27 August 2023 - 09:39
A leading political economy expert has slammed the idea of Brics setting up its own currency, saying it came from “political ideologues who have no clue how money markets work”.
Pan-African Capital Holdings chair Iraj Abedian said while it’s understandable for Brics member states to want to reduce exposure to the dollar, “hating the greenback” would not be enough to supplant it...
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