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‘We do not need a BRICS currency,’ says Kganyago
A BRICS reserve currency might be more volatile than other currencies because it will be subject to five different fiscal policies, says Sarb Governor Lesetja Kganyago.
Conventional wisdom says that living expenses rise uniformly with inflation, so many financial plans are based simply on that. But analysing the spending patterns of retirees shows us that the data tells a different story.
Read moreA BRICS reserve currency might be more volatile than other currencies because it will be subject to five different fiscal policies, says Sarb Governor Lesetja Kganyago.
PSG chief investment officer Adriaan Pask analyses the potential shift in global currency dynamics post the BRICS Summit.