Divisions between Beijing and New Delhi are hindering the development of a common currency to rival the dollar, Jim O’Neill has said The US dollar would become “a lot more vulnerable” if BRICS members settled their rivalries and brought more countries into the fold, former Goldman Sachs economist and creator of the BRICS acronym Jim O’Neill told the Financial Times on Monday. With the group’s 15th summit just a week away, the BRICS bloc – an informal economic club comprising Brazil, Russia, India, China, and South Africa – is currently fielding applications from 23 countries across the non-Western world, while its
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