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The foreign minister of South Africa claims that the BRICS, a group of economically similar countries, would investigate if a new world currency will enable them to break free from the US dollar.
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According to Bloomberg, the group of countries—which includes Brazil, Russia, India, China, and South Africa—are getting ready to “discuss the feasibility” of a new global currency
Naledi Pandor, the minister of international relations and cooperation for South Africa, claims that BRICS members and prospective new members are debating whether they need to rely on the US dollar to conduct business with one another.
Why can’t …
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