India has backed out from creating a common BRICS currency for trade

       

 Indian Foreign Minister says India will not support any  common BRICS currency for trade.

BRICS have been working a new common currency for trade between BRICS countries, replacing dollar. 

A prominent Chinese think-tank has asked to 'expel' India from BRICS, declaring it the "weakest link". 

BRICS contribute to 31.5% of global GDP, surpassing G7 group, making it the biggest economic bloc.  

 Many western finance institutes have warned that a BRICS currency can challenge  dollar dominance.

About Binnabook

Binnabook Magazine Believes in Free Speech,Social Journalism with newsgathering and verification of Data.

0 Comments:

Post a Comment

Your Views are needed.Thanks!

Zenith’s Bank Ovia Moves Into Lagos Real Estate

Jim Ovia, who built Nigeria’s biggest lender by market value, is turning his attention to the Lagos skyline, declaring that “real estate is ...

TRENDING News Feed