Global Times featured a report on May 14 on the creation of a BRICS currency for trade purposes. Zhou Yu, director of the Research Center of International Finance at the Shanghai Academy of Social Sciences, told the Global Times that the discussion is likely to be a probing effort by BRICS countries for a long-term goal of a currency unit.
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Global Times Sees "BRICS Currency 'Plausible Alternative' to Dollar Hegemony"
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