China and hence yuan centric economics doesn’t work for India and the rest in BRICS do not have the weight. At the best they can promote to use BRICS individual currencies wherever possible. Mostly symbolic.
My armchair analysis is that world would be multi-polar in case of reserve currencies, just like rest of the geopolitics. It would take 3 decades where USD, Yuan, Euro and INR could be comparable to each others. Of course this is given today’s boundary conditions. USD it is deep rooted and isn’t going anywhere for foreseeable future. No country it in its right mind would want Yuan as their reserves, other than Russia for obvious reasons.
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