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        Between ambitions and challenges, what are the chances of the BRICS bloc issuing its unified currency?

        Mohamed Sadek Abozaid 부산외국어대학교 지중해지역원 2024 아프리카학 연구 Vol.4 No.1

        The BRICS bloc is considered one of the most recent global blocs that is concerned with economic cooperation among its members. The “BRICS” bloc is one of the forms of international governmental organizations. The BRICS bloc includes enormous economic and human capabilities. It has large geographical areas and a large and diverse population, especially with the acceptance of membership of five other countries in the bloc. The bloc's countries present themselves to the world as emerging countries seeking to achieve sustainable development away from any existing political affiliations or blocs. The bloc aims to enhance cooperation between its countries to achieve economic development based on advanced technology and skills development and work to improve the position of developing and emerging countries in international financial institutions and develop the performance of multilateral trading systems to ensure the existence of a multipolar global system and reform international financial and economic institutions, thus ending the dominance of the US dollar over the capabilities of the global economy. The study concluded that it is difficult to end the dominance of the US dollar over the capabilities of the global economy currently and in the near and medium future, and that the goal of issuing a unified currency for the BRICS bloc remains largely distant.

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