JUST IN: A common currency is reportedly not on the agenda for this weeks BRICS meeting. 👀
Instead the summit could focus on seeking an agreement that members should increasingly settle trade between each other in their local currencies 😮 
Discussion
We talking about fiat?
Fiat? LOL
And NO, there will not be a gold backed currency either.
Hahahaha
They will not ever get there. They don't even want each other currency for reserves and don't trust each other in balancing a new currency.
Really have no idea why people are excited about BRICS. Look at all their M2 supply the last 20 years. They make the dollar look good