"The currency will be supranational, it will afford countries not to abandon their national currency, as was the case with the euro. Also, the creation of a single currency for the BRICS countries will avoid the risks of a sharp change in the exchange rate in trade calculations, since the currencies of developing countries themselves are highly volatile," Evgeny Kalyanov, an expert on the stock market of BCS World of Investments, said.
"There is a tendency that the [US] dollar is used less and less in international settlements. But if many people agree that it is necessary to gradually abandon the dollar, then there is still no consensus on alternatives even within the BRICS," said Sergey Trostyansky, deputy director of the NTI Competence Center of Moscow State University.
"With the expanding of BRICS, the task will become even more complicated, from a political point of view. But if a consensus is reached and any unit of account is adopted, then this will definitely simplify the calculations between the countries," the expert concluded.