MzansiCASTER's video: South Africa And A BRICS Common Currency

South Africa Carefully Considers Risks and Benefits of A BRICS Common Currency The proposal of a BRICS common currency has sparked a heated debate in South Africa, with proponents arguing that it could boost trade and investment, while opponents caution that it may lead to a loss of monetary sovereignty and expose the country to contagion risks. As South Africa weighs the risks and benefits of joining a common currency with other BRICS members, stakeholders are calling for a careful analysis and consultation process, that takes into account the diverse interests and perspectives of the country and the region. Sources: "South Africa urges careful debate on option of introducing BRICS common currency." Bloomberg. https://www.bloomberg.com/news/articles/2023-05-10/south-africa-urges-careful-debate-on-option-of-introducing-brics-common-currency?cmpid=socialflow-twitter-africa&utm_source=twitter&utm_medium=social&utm_campaign=socialflow-organic&utm_content=africa "BRICS common currency: Prospects and challenges." Journal of Economic Integration. https://www.jstor.org/stable/24128743 "The impact of a BRICS common currency on South Africa's economy." South African Journal of Economics. https://onlinelibrary.wiley.com/doi/abs/10.1111/saje.12216 "South Africa's economic challenges and opportunities in the BRICS context." Economic Research Southern Africa. https://www.econrsa.org/system/files/workshops/papers/S3-Smit.pdf "BRICS cooperation and South Africa's economic diplomacy." Institute for Global Dialogue. https://www.igd.org.za/research/working-papers/2019/BRICS_Cooperation_and_South_Africa%E2%80%99s_Economic_Diplomacy.pdf . * * * PeeNet Anonymous: https://www.peenet.net/ Anonymous Email Messenger: https://www.emailmessenger.info/