A BRICS Reserve Currency: Exploring the Pathways — Yaroslav Lissovolik

Summary:
The new BRICS reserve currency can act in concert with the stronger role performed by BRICS national currencies to take on a greater share of the total pie of currency transactions in the world economy, writes Valdai Club Programme Director Yaroslav Lissovolik. The discussion centers around a basket of currencies comparable to the IMF SDR rather than a basket of commodities, as Sergey Glazyev proposes. Presently, the primary workaround to use of the USD is bilateral trade in national currencies. Valdai Discussion Club A BRICS Reserve Currency: Exploring the PathwaysYaroslav Lissovolik

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