We won't be seeing a BRICS currency any time soon
(www.nakedcapitalism.com)
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Interesting article. It makes good points about the difficulty in setting up laws and specialty banks that are required to maintain a currency. But what if all that were already set up and just not instituted yet? It's possible, and would've been the smart approach. I don't think the BRICS officials who've been talking up this currency are in the habit of blowing smoke. We'll see.
She's probably blowing smoke.
She’s blowing something