Brics+ countries are determined to trade in their own currencies – but can it work?

By Lauren Johnston, Associate Professor, China Studies Centre, University of Sydney

Brics+ countries are exploring how they can foster greater use of local currencies in their trade, instead of relying on a handful of major currencies, primarily the US dollar and the euro.

The forum for cooperation among nine leading emerging economies – Brazil, China, Egypt, Ethiopia, India, Iran, Russian Federation, South Africa, United Arab Emirates – emphasised this determination at their 16th summit in October 2024.

Economist Lauren…

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~	In a world where political polarization and disengagement are denting democracy, does Botswana’s ‘kgotla’ system hold the key?

~	Six people have died in Laos from drinking tainted alcohol – what you need to know about methanol

~	Cop29: five critical issues still left hanging after an underwhelming UN climate summit in Azerbaijan

~	Graffiti was a powerful form of protest in ancient Rome – as Gladiator II shows

~	Ukraine war: polls show most Ukrainians would support a negotiated peace as Russian advances continue

~	Cop29 climate finance deal: why poor countries are so angry

~	AI that mimics human problem solving is a big advance – but comes with new risks and problems

~	Wicked’s depiction of disability is refreshing – thanks to authentic casting and an accessible set

~	Why the EU’s stance on Israel is starting to change

~	Confronting South Africa’s Crisis of Gender-Based Violence