The Business Times
business-time-50

Herbert Poenisch

Brics currencies have been mentioned, but a common Brics currency backed by gold was off the agenda at the July Brics summit in Rio de Janeiro.

Brics currencies are no realistic alternative to the US dollar

Russia's President Vladimir Putin at the Brics summit in Kazan on Oct 24, 2024.
THE BOTTOM LINE

Brics looks increasingly like a paper tiger

Beijing hosted the third plenum of the Chinese Communist Party's central committee from July 15-18, 2024. A new policy direction under Xi Jinping's leadership is taking shape. across China.
THE BOTTOM LINE

China looks inward for technology, investment and know-how

The problems that China is facing include the lack of effective demand, the excess capacity in some industries and weak social expectations.
THE BOTTOM LINE

Outlook 2024: China unusually candid about economic challenges

Brics countries have to resolve a perennial problem – how to move from bilateral to multilateral clearing and to a common currency.
THE BOTTOM LINE

Brics common currency would be no threat to the US dollar

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