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One of the biggest hurdles is the economic diversity among the BRICS countries. Each nation has its own unique economic strengths, weaknesses, and monetary policies. Getting them to agree on a common currency and a unified monetary policy is a tough task. Think about it: Brazil's economy is very different from China's, and Russia's is different from India's. Finding common ground and ensuring that the currency benefits all members equally will require a lot of negotiation and compromise.
