Part 5/9:
While BRICS nations have threatened to pursue their own common currency as a countermeasure, skeptics, including Abidian, point out the significant challenges involved in establishing a credible alternative. The lack of stable regulatory environments, macroeconomic stability, and credibility in capital markets hinder their collective ability to initiate such a currency. Furthermore, the establishment of the World Trade Organization (WTO) underlines the necessity to resist trade wars through cooperative, rules-based solutions.