BRICS De-Dollarization: Prospects And Critical Challenges – OpEd

For the five BRICS (Brazil, Russia, India, China and South Africa) members, de-dollarization has become the latest common buzz-word among the English vocabulary. Long before the highly-praised Johannesburg’s 15th BRICS summit, considered as very important step forward on the way to deepening interaction in the sphere of trade and investment with the nations of Global South, all the five BRICS leaders have made it their priority task to find their own common currency so as not to depend on the United States dollar in the emerging new world.