Implications of a New Global Reserve Currency for BRICS Countries

A New International Reserve Currency

Analysts continue to speculate on the implications of an international reserve currency planned by Russia and China amid fears that the US might be facing a recession. The announcement of a reserve currency was made by Russian President Vladimir Putin during the BRICS Summit in June.
Meanwhile, former US President Donald Trump warns of a depression if the US economy continues on the slow growth path.
Associate professor of Africans Politics at Unisa, Professor Everisto Benyera, as well as Redge Nkosi, Executive Director Head of Research on Macroeconomics, Money, and Banking at Firstsource Money, join us for the following discussion
 
Credit to : SABC News