BRICS Has ‘Ambition’ To Create New Global Currency and Challenge US Dollar in Medium to Long-Term, Says Official

The economic coalition of nations known as BRICS has “medium to long-term” ambitions to create a new global currency and challenge the US dollar, according to the chief financial officer of the BRICS New Development Bank. BRICS nations, which consists of Brazil, Russia, India, China and South Africa, are currently pushing to boost direct trade...