By:Academic Journalist, Lauren Johnston Associate Professor, China Studies Centre, University of Sydney The Conversation ,First Published,26th November,2024 Photo(Brics Summit 2024) Brics+ countries are exploring how they can foster greater use of local currencies in their trade, instead of relying on a handful of major currencies, primarily the US dollar and the euro. The forum for cooperation among nine leading emerging economies – Brazil, China, Egypt, Ethiopia, India, Iran, Russian Federation, South Africa, United Arab Emirates – emphasised this determination at their 16th summit in October 2024. Economist Lauren Johnston recently wrote a paper on…
Read More →Brics+ countries are determined to trade in their own currencies – but can it work?
