SOCHI, November 7. /TASS/. Talks about the common BRICS currency are premature and BRICS member-countries do not have such an objective, Russian President Vladimir Putin said at the plenary session of the Valdai Discussion Club.

"I heard a lot at the level of experts; the journalist community says there is a need to think of creating a common currency. However, it is early to talk about that and we do not have such objectives in between because in order to talk about a certain common currency, firstly, greater integration of economies should be achieved and, secondly, the quality of economies should be somehow lifted to a certain level so that these are very similar economies, comparably by quality, by the structure," Putin noted.

Other variants are impossible and harmful, the Russian leader added.