RIAC :: R5,Currencies

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Upgrading Bretton Woods: A Case for “Currency Baskets”

... other currencies in the BRICS+ circle economies. The choice of the composition of the BRICS currency basket had to do with the fact that these were among the most liquid currencies across emerging markets. The name for the new reserve currency — R5 or R5+ — stemmed from the first letters of the BRICS currencies, all of which begin with an R (the real, the ruble, the rupee, the renminbi, and the rand). The new BRICS reserve currency basket could act in concert with the stronger role performed by BRICS national currencies to take on a greater share ...

12.01.2023

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A BRICS Reserve Currency: Exploring the Pathways

... In this respect, the emergence of additional reserve currencies from among the EM economies will serve to expand the possibilities for diversifying reserve holdings and reducing the vulnerabilities associated with the dependence on a narrow range of currencies. The R5 project can thus become one of the most important contributions of emerging markets to building a more secure international financial system. Source: Valdai. Discussion club

14.11.2022

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