Leaders of the BRICS countries reiterated their calls to evade the dollar and create a single currency that the group could use in joint transactions during their summit in August.
BRICS is going ahead with efforts to achieve its goal of “ousting the US dollar as the dominant global currency”, a US newspaper has reported.
The news outlet referred to the group’s summit in South Africa last month, when the alliance “took a major step toward flexing its communal currency muscle”. During the gathering, six new members were green-lit to join the organisation, including Saudi Arabia, Iran, Ethiopia, Egypt, Argentina and the United Arab Emirates (UAE). The group previously comprised Brazil, Russia, India, China and South Africa. As a result, the newspaper added, BRICS now brings together six of…