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Joined 1 year ago
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Cake day: June 11th, 2023

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  • Brics doesn’t even have a centralised currency of any form lol.

    For it to have the world standard currency, the bunch of systemic competitors that make up brics (almost all of which have at least some major cause of friction with at least one of member) to:

    • agree on a name, design and production strategy that every single member is happy with
    • have a centralised bank somewhere that is controlled by some (presumably inter-state) entity
    • have all members adopt that currency as their primary currency, phasing out their existing state controlled ones
    • have the currency be more stable and commonly accepted than USD

    Only then can it even really begin to start being a world currency

    Frankly, I don’t think there’s nearly enough cooperation within the group to even start making steps toward a common currency for decades