India Downplays BRICS Common Currency Plan That Angered Trump

India Downplays BRICS Common Currency Plan That Angered Trump

From bnnbloomberg.ca

There has been no decision by the so-called BRICS block about creating a common currency to reduce usage of the dollar, India’s central bank chief said. “BRICS currency was an idea raised by one of the members and was discussed but no decision has been taken,” Reserve Bank of India Governor Shaktikanta Das said in a post-policy briefing on Friday. “The geographical spread of the countries has also to be kept in mind, unlike the euro zone which has geographical contiguity.” The comments come after US President-elect Donald Trump recently warned BRICS nations that he would require commitments that they would ... (full story)

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