All member countries of BRICS will still retain their country’s currency for local transactions but shall use the BRICS currency mostly for international trade transactions when it is fully operational. This is based on our findings. In our opinion, it is certainly going to boost the economies of all member nations of the BRICS because they are going to be selling their natural resources on a currency that is far higher than the US dollar-dominated currency that is being used for all transactions across the world. This again has given the United States of America the privilege to control the finances of most countries in the world, if not all. Again, when the BRICS currency is fully operational, it is certainly going to replace the US dollar. Though the US dollar shall continue to be used worldwide, at least another powerful currency like the BRICS currency would be used by all member countries of BRICS to sell their natural resources, which would in the end allow them to earn good money. This is great and highly commendable.
Source: Viewers Corner News