DeDollarization? Nope, says BRICS guy. Bloc's plans for a common currency are "ridiculous"

<p>Lord Jim O'Neill is a former Goldman Sachs economist who first gave the BRICS bloc its name. He spoke with the Financial Times in an interview.</p><ul><li>says the bloc's plans for a common currency are ridiculous</li><li>rejected the possibility of the group of countries challenging the dollar's dominance

</li><li>"It's just ridiculous,"</li><li>"They're going to create a BRICS central bank? How would you do that? It's embarrassing almost."</li></ul><p>More on this is here. </p><ul><li><a href="https://ca.finance.yahoo.com/news/idea-brics-common-currency-almost-185906201.html" target="_blank" rel="nofollow">The idea of a BRICS common currency is almost 'embarrassing,' the economist who named the group says</a></li></ul><p>-</p><p>BRICS comprises Brazil, Russia, India, China, and South Africa. the group meet next week.</p><p>An old pic. Putin is attending via video link, he risks arrest for his war crimes if he leaves his hidey hole. </p>

This article was written by Eamonn Sheridan at www.forexlive.com.