currency

Even though the alliance accounts for 35% of the global GDP, according to Statista, the U.S. dollar still remains the most used currency in global trade.

Leading politicians in Brazil and Russia have suggested creating a Brics currency to reduce the US dollar's dominance in global trade.

Information was treated like a “currency” and people would jockey to share it to “curry favour” with the boss, he says.

Cryptocurrencies are digital currencies that operate independent of banks, offering the potential of very secure decentralised transactions.

It could also lead to a devaluation of the Canadian dollar at a time when the currency is already struggling due to domestic economic factors, he said.