Dr Richard J Grant was covered in The East African on the possibility of a single currency for the BRICS states.
Dr Richard J Grant was covered in BusinessTech on the possibility of a single currency for the BRICS states.
Acceptance of a currency in trade today depends on confidence that others will accept it in trade tomorrow, and that the currency will be stable in value.
This then begs the question, to what extent is the rand political and unreliable?
In the past South Africa had a chance to play a key role in the world’s markets but some of the incumbent politicians and sectors of the population are not showing the characteristics needed to build a winning country.
The United States’ global political and economic dominance may be shrinking.
