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A comment on Evergrande shares plunge as much as 87% as trading resumes after 17 months. Parent comment

Re:Evergrande shares plunge as much as 87% as trading resume... by nradov on Monday August 28, 2023 @08:44AM (#37293122)
China is not pushing a new BRICS currency. They want the BRICS and others to use their existing currency, the yuan, for international trade. Of course this is never going to happen beyond token amounts, especially not in India.
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Re:Evergrande shares plunge as much as 87% as trading resume... by r00fus on Monday August 28, 2023 @06:03PM (#37300965)
Lula, leader of Brazil (ie, the "B" in BRICS) is calling for a common currency.

"I am in favor of creating, within the BRICS, a trading currency between our countries, just like the Europeans created the euro"

This does not sound like just using the Yuan, and is more likely to gain support of the bloc. I'm pretty sure Lula and Modi do not want to trade one devil (US) for another (China).

https://www.reuters.com/article/spain-brazil-lula/update-1-b...

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