Does South Africa need a BRICS currency?

South African officials had said a BRICS currency was not on the agenda for the summit. In July, India's foreign minister said, "there is no idea of a BRICS currency". Its foreign secretary said before departing for the summit that boosting trade in national currencies would be discussed.

Should BRICS establish their own currency?

Please update your browser or turn off ad blocker to continue to watch. Suggestions that the BRICS group of emerging market powers establish their own currency to reduce their reliance on the dollar aren’t under serious consideration and never have been, South Africa’s finance minister said.

Will a BRICS currency be on the agenda for the summit?

A BRICS currency "increases our payment options and reduces our vulnerabilities," he told the summit's opening plenary session. WHAT DO OTHER BRICS LEADERS THINK? South African officials had said a BRICS currency was not on the agenda for the summit. In July, India's foreign minister said, "there is no idea of a BRICS currency".