BRICS No Longer Attaching Importance to the US Dollar
The BRICS alliance is no longer attaching importance to the US dollar and is giving strong prominence to local currencies. The Chinese yuan, Indian rupee, and the Russian ruble have been used to settle cross-border transactions since 2022. The de-dollarization agenda is advancing rapidly and many other developing countries are now looking to use local currencies for trade. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Local currencies are looking to dethrone the US dollar from the world’s reserve and usher global finances into a new era. Also Read: 2 New Countries Get Invited To Attend BRICS 2024 Summit BRICS: We Are No Longer Attaching Importance to the US Dollar, Says Indian Diplomat Source: iStock The Vice Chairman of BRICS Chamber of Commerce and Industry, Sameep Shastri confirmed that developing countries are no longer giving importance to the US dollar. Shastri revealed that the world will soon realize the power of de-do...