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BRICS Summit: China, Africa, Russia and the 23 New Applicants

The Socialist Program with Brian Becker

00:00

Argument over BRICS Reserve Currency and Push for Local Currency Exchanges

This chapter explores the ongoing argument about the creation of a new reserve currency by BRICS and the efforts to increase exchanges in local currency among member countries, aiming to shift away from the US dollar. It also discusses the challenges and concerns surrounding the creation of an alternative currency and references the African financial community's use of the CFA Franc.

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