What is the BRICS ‘UNIT’ – and could it really challenge the US dollar?
- Written by Chris Ogden, Associate Professor in Global Studies, University of Auckland, Waipapa Taumata Rau
Fabio Teixeira/Getty ImagesAt a major summit in Russia last year, a banknote was unveiled that carried more symbolism than monetary value.
It hinted at the growing ambitions of BRICS+ – a group of emerging economies anchored by Brazil, Russia, India, China and South Africa – to develop alternatives to the existing global financial...
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