This “multi-currency system” will include new mechanisms not only to de-dollarize trade, but also to encourage investment in BRICS members and other emerging markets and developing economies, including a BRICS Clear platform, a “new system of securities accounting and settlement”, and financial instruments denominated in national currencies.
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Sound like they learned all the right lessons from the Euro disaster. Removing control of monetary policy from member states while demanding they keep to specific fiscal policies has been a complete debacle. Greece is the classic example.