[Bayard]

These countries don’t have a strong history of stability. Only China has the economic significance to achor any global currency, and China is about to wreap a generation buzz saw. They have to get more into automated systems.

[AnotherUnixGeek]

Internal Divisions Biggest Challenge

No kidding. BRICS is a collection of initials, not a logical or rational collection of monetary interests. India has no reason to see a world dominated by Chinese monetary policy as preferable to one dominated by US monetary policy.

[Worldtraveler once upon a time]

An interesting, one-paragraph article.

As Modi is attending the Russia-China "fest" in Kazan, it is probably very likely that 1) there will be NO currency as opined by Business Today India, but 2) will be some sort of messaging, transfer system which is not SWIFT, bypasses the Bank for International Settlements, and gives nations a "competitive" choice between non-EU nations. Time will tell.

[butlerweave]

It’s a Chinese Communist Party scam and they’ll eat the members lunch

[Vermont Lt]

India “noped out” the other day.

Sometime down the road after these countries have gotten their economic act together? Maybe.

But Russia and China are currency manipulators. Brazil is just growing into themselves. India is too dependent on Western currency. Iran…well Iran is just a mess.

The BRICs group has promise long term. Just not today.

[jerod]

Yuan’s and Rouble’s do not add up to dollars.

[bgill]

US aid should be denied to each of them.

[lurk]

They may turn into something in time, but for now brics is the mean girls in the high school hall.