BRICS and New Global CurrencyThe BRICS faces threats from the American President Donald Trump over its plans to float a new global currency to give competition to the US Dollar. It also faced the added threats from the American President Trump over BRICS’ plans to float a new global currency to give competition to the US Dollar, a move which would face many other hurdles before fruition. Rio Summit and New Global CurrencyThe BRICS summit in Brazil last week revealed a loose alliance of emerging powers becoming more complex – and perhaps more consequential. A Guardian editorial on the latest BRICS summit opined that the,“BRICS nations can still close ranks. For now, the coalition is more a reflection of the shifting geopolitics of the Global South than a monolithic challenger to the West.