Africa Matters

Unified Currency for South Africa, China, and India Lacks Justification, Says Think Tank

By Edson Baraukwa | Africa Guardian The Free Market Foundation (FMF) argues that South Africa has little in common with its BRICS partners, deeming discussions of a unified currency impractical. The idea of a “BRICS currency” has gained traction in recent years amid broader efforts to promote “de-dollarisation” and reduce dependence on the U.S. dollar. This push has been…

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