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Should the BRICs have a common currency?

In their push to dethrone the U.S. dollar as the world’s largest reserve currency, the BRICS nations—or Brazil, Russia, India, China, and South Africa—have been talking up the idea of a common currency for years.

Could BRICS create an alternative to the dollar?

The US dollar has been the world’s reserve currency since the end of World War II [File: Rick Wilking/Reuters] Bradlow agreed. “The idea of the BRICS creating an alternative to the dollar seems completely fanciful and unrealistic,” he said, noting the major differences between the five economies.

Should BRICS expand beyond its original members?

The expansion of the BRICS bloc beyond its original members Brazil, Russia, India, China, and South Africa should reignite focus on the group’s long-standing interest in reducing the dollar’s dominant role across emerging markets.

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