A BRICS currency is simply well-needed competition to the USD.
In the game of global currency supremacy, is it harder to fight a single currency with 99% marketshare or two with 49% marketshare each?
there's EUR, why you think BRICS bancor will be a bigger contender?
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EUR is "competition" in name only to USD, they are ultimately controlled by the same parties.
I think most people are interested in BRICS not necessarily because of some currency they may or may not create, but because of the shift towards a more multi-polar world in terms of global power/influence, compared to the one we live in now.
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they fail to see that world dominated by countries that constitute BRICS will be much, much worse than US dominated
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