‘We do not need a BRICS currency,’ says Kganyago
A BRICS reserve currency might be more volatile than other currencies because it will be subject to five different fiscal policies, says Sarb Governor Lesetja Kganyago.
The FSCA and PA urge financial institutions to prepare for the standard’s implementation despite the provision for a transitional period.
Read moreA BRICS reserve currency might be more volatile than other currencies because it will be subject to five different fiscal policies, says Sarb Governor Lesetja Kganyago.
PSG chief investment officer Adriaan Pask analyses the potential shift in global currency dynamics post the BRICS Summit.