Finance

Future of BRICS Currency: Exploring Alternatives in Global Finance

• Cedric Malan
• Dec 7, 2024

Finance Minister Enoch Godongwana recently confirmed that no discussions about the creation of a new currency among the BRICS nations have taken place. While there is much interest in moving away from the U.S. dollar, tangible plans to develop an alternative financial system or currency remain distant. The New Development Bank's priority currently lies in expanding its membership and focusing on climate-project lending.