If anything the Euro would need to do it. Europe, Canada, Japan, they won’t trust a BRICS currency. Within BRICS it might work but it wouldn’t replace the dollar in that case.
The BRICS currency would be a single currency, administers by an assortment of countries. In essence the BRICS currency would be just like the Euro but with an international pariah (Russia) and a country with a history of heavy-handed policy towards business (China) being major players.
If anything the Euro would need to do it. Europe, Canada, Japan, they won’t trust a BRICS currency. Within BRICS it might work but it wouldn’t replace the dollar in that case.
The point would be to not be tied to a single currency
The BRICS currency would be a single currency, administers by an assortment of countries. In essence the BRICS currency would be just like the Euro but with an international pariah (Russia) and a country with a history of heavy-handed policy towards business (China) being major players.