The BRICS countries (Brazil, Russia, India, China, and South Africa) are discussing the creation of a new currency to increase intra-trade between the nations, especially for small enterprises. South Africa's president, Cyril Ramaphosa, emphasized the importance of a predictable global payment system for global economic recovery. China's President, Xi Jinping, stressed the need for financial cooperation within the bloc to promote high-quality development. South Africans hope the Summit will positively impact their country, particularly in terms of technology and job creation. Discussions at the summit also focused on cutting tariffs to boost agricultural trade within the bloc.

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