
Will the BRICS collective dump the dollar?
Lungelo Mpangase
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When the U.S sneezes, the rest of the world catches a cold. An adage the BRICS nations are trying to weaken. The bloc of emerging market nations are mulling a new global currency that will decrease reliance on the U.S dollar. Business Day TV spoke to Andre Cilliers, Director & Currency Strategist at TreasuryONE to discuss what this de-dollarization could mean for the currency market as a whole.