I came here to say something similar. Why would anyone want a BRICS currency? That would just put us on the path to where we are now. The closest we’ll likely get to that is if those countries decided to peg their currencies to the same denomination of the same resource… for example if 1000 Russian rubles = 1 oz gold and 1000 Chinese yuan = 1 oz of gold. This would greatly simplify trade while strengthening each of their individual currencies.

I came here to say something similar. Why would anyone want a BRICS currency? That would just put us on the path to where we are now. The closest we’ll likely get to that is if those countries decided to peg their currencies to the same denomination of the same resource… for example if 1000 Russian rubies = 1 oz gold and 1000 Chinese yuan = 1 oz of gold. This would greatly simplify trade while strengthening each of their individual currencies.