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Also, the new **BRICS currency** would need to compete with established global currencies like the dollar and the euro. This will not be an easy feat, as the dollar has the advantage of being the world's reserve currency and is widely accepted. To gain traction, the BRICS currency would need to be stable, reliable, and backed by a strong economic foundation. It's a tall order. The economic benefits are there, but the economic challenges are something else. We all know that, right? And the lack of trust between the BRICS member nations will delay any real decision.
