Economist Alexis Habiyaremye from the University of Johannesburg says that a proposed common BRICS currency, if used effectively and systematically for all trade transactions between BRICS nations, would “alleviate the burden on these countries to finance” the “disproportionate advantage that the dollar enjoyed in the international monetary system.”
‘BRICS Currency Has a Real Prospect of Becoming Global Currency’
Economist Alexis Habiyaremye discussed the challenges a common BRICS currency could pose to the U.S. dollar’s global reserve currency status in an interview with Putnik, published Saturday. Habiyaremye is a senior researcher who works for the South African Research Chair in Industrial Development at the University of Johannesburg, South Africa. He holds a Ph.D. in Economics and Policy Studies of Technical Change from the United Nations University/Maastricht University (UNU-MERIT).
Citing the “disproportionate advantage that the dollar enjoyed in the internation
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