Does China want a BRICS common currency?

China did not comment on the idea of a BRICS common currency, but President Xi Jinping promoted "the reform of the international financial and monetary system" in a speech at the summit. China has indicated it wants the Chinese yuan to play an outsized global role but hasn't called for it to replace the dollar.

Could a common currency include China and India?

In a June 1 interview with Desné Masie, chief economist at IC Intelligence, O’Neill said creating a common currency that includes China and India would be “very challenging” to say the least, referencing the rival nations’ ongoing border disputes. “China and India can’t even really agree on basic things like a peaceful border.

Which currency was used for 46% of foreign exchange payments in July?

The latest SWIFT data showed the USD was used for a record 46% of foreign exchange payments in July. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily.

Why does Lula want a BRICS currency?

Brazil's president doesn't believe nations that don't use the dollar should be forced to trade in the currency, and he has also advocated for a common currency in the Mercosur bloc of South American countries.