South African President Cyril Ramaphosa, Chinese President Xi Jinping, Brazilian President Jair Bolsonaro, Russian President Vladimir Putin and Indian Prime Minister Narendra Modi attend the Brics summit in Brasilia, Brazil on November 13, 2019. PHOTO | REUTERS
A Brics+ reserve currency will not be easy to create, says Indian External Affairs Minister, Dr Subrahmanyam Jaishankar, citing the need for numerous protocols to align it with the different fiscal and monetary policies of member states.
Dr Jaishankar told journalists in New Delhi that the focus was much more on settling payments in each other's currencies than on having a new unit for the bloc.
