New Delhi, June 20 -- Brazil's Ambassador to India, Kenneth Felix Haczynski da Nobrega said on Friday that BRICS currency is an aspirational objective and not something that will happen in the short term.

Ambassador said that BRICS countries have already been trading in local currency and one should not relate this to de-dollarisation.

"BRICS currency is a very complex discussion. An agreement among 11 members of in terms of harmonising their fiscal and monetary policy is very complex. I think this is an aspirational objective, not something that will be reaped in the short term," he told ANI.

Nobrega further said that the idea of BRICS currency is one more "option" for countries to do business.

"But when it comes to trade in local cu...