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User ID: 18166368 Brazil 03/26/2013 05:06 AM Report Abusive Post Report Copyright Violation | BRICS negotiating towards a common currency? Seems like the BRICS(Brazil, Russia, India, China and South Africa) are going through negotiations, towards a common currency. FoxNews: China and Brazil plan to sign a deal to do up to $30 billion of trade in their local currencies, as the five-nation BRICS forum of emerging market powers work to lessen dependence on the U.S. dollar and euro. The agreement is to be signed Tuesday ahead of the official opening of a summit bringing together the leaders of Brazil, Russia, India, China and South Africa, and more than a dozen other African leaders. Brazil's foreign trade minister Fernando Pimentel says the agreement would involve nearly half his country's $75 billion annual trade with China. The World Bank says that global economic growth increasingly depends on the BRICS countries which account for 27 percent of global purchasing power and include 45 percent of the world's workforce. [ link to www.foxnews.com] In the article, it does not says exactly that a common currency is going to established, but it seems to be, at least to me. |
Anonymous Coward User ID: 36646652 Canada 03/26/2013 05:41 AM Report Abusive Post Report Copyright Violation | Re: BRICS negotiating towards a common currency? |
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User ID: 18166368 Brazil 03/26/2013 05:54 AM Report Abusive Post Report Copyright Violation | Re: BRICS negotiating towards a common currency? Quoting: Anonymous Coward 36646652 This just confirms that the next goal is to set a common currency between BRICS countries... |
Anonymous Coward User ID: 36907496 South Africa 03/26/2013 09:27 AM Report Abusive Post Report Copyright Violation | Re: BRICS negotiating towards a common currency? It is happening |
CripplingLies (OP)
User ID: 18166368 Brazil 03/26/2013 09:57 AM Report Abusive Post Report Copyright Violation | Re: BRICS negotiating towards a common currency? It is happening
Quoting: Anonymous Coward 36907496 Yep. Think about it: BRICS united, we will be like half the earth's population and the land combined also. We will be way bigger and way more powerfull, either military, economic and politic. BRICS, if all united, will become the new super power on earth. |