South Africa's minister of international relations, Naledi Pandor, has cautioned BRICS countries against rushing to launch a common currency when they meet in August. Pandor stated that South Africa will participate in discussions that relate to its national interests, but also revealed that the country's debt is primarily denominated in dollars, making it difficult to ditch the greenback. The calls for an alternative to the dollar are growing, but experts warn that BRICS countries lack the economic muscle to take down the dollar. South African-based money manager Vestact also dismissed suggestions that the greenback will be toppled by alternatives like the Chinese yuan.