We won't be seeing a BRICS currency any time soon
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Economics ... a new combo-currency is not necessary. A system of free exchange and transfers both inflow and outflow of the currencies of the aligned countries is the only vehicle that is necessary.
That still has the same underlying problem that Russia gets too many Rupees because it's trading more oil value to India than it's buying spice or rice or carpets or whatever India actually produces. And since India can Shazaam as many Rupees into existence as it wants it can easily devalue the purchasing power of your holdings of their currency. This isn't an issue if you both trade in the same gold backed currency.
This is why they are NOT going to agree on a BRICS currency. You need good partners to have a good system.