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BRICS Leaders Set to Discuss Common Currency to Challenge US Dollar Dominance in Upcoming Summit

The upcoming BRICS leaders' summit will include discussions on the possibility of a common currency among member nations. South African Minister of International Relations and Cooperation, Naledi Pandor, emphasized the importance of proper discussion on the matter, acknowledging the growing interest in trading in national currencies instead of the US dollar.

The introduction of a common BRICS currency is expected to aid in de-dollarization efforts and reduce reliance on the USD. However, caution must be exercised in approaching the discussion, considering the potential impact on countries with significant debt in dollars.

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