During its meetings hosted by South Africa in Johannesburg, the BRICS summit discussed a number of key issues, including expanding the base of countries joining the alliance, discussing economic cooperation mechanisms, and focusing on reducing dependence on the dollar, while abandoning the discussion of issuing a single currency for the time being.
The group includes Brazil, Russia, India, China, and South Africa, whose economies together account for more than 26 percent of the global economy, while their populations make up 40 percent of the world's population.
BRICS leaders did not discuss the issue of issuing a currency for the group, which the Brazilian president had put forward this year as a proposal to stop relying on the US dollar, with the trend towards raising the status of member states' national currencies.
Source (Al-Arabiya.net Website, Edited)
