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Brazil Supports Setting Common BRICS CurrencyBrazil Supports Setting Common BRICS Currency Ambassador to Russia Using a single currency for financial operations within BRICS would avert dependency on currency market fluctuations, the Brazilian ambassador to Russia said. http://uprootedpalestinians.blogspot.ca/2015/06/brazil-supports-setting-common-brics.html MOSCOW (Sputnik) – The idea of setting a single currency for the BRICS member states is positive but the technical side of the issue needs to be ironed out first, Brazilian Ambassador to Russia Jose Vallim Guerreiro said. “This issue has been repeatedly raised and discussed. We believe the idea itself is very positive as it would allow for the use of a single currency without any dependence on the currency market fluctuations,” Guerreiro told RIA Novosti in an interview. “But the issue is extremely complicated and it should first be studied from the technical point of view on the level of experts who could asses all benefits and drawbacks of establishing a single currency,” he added. |
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