#de-dollarisation
BRICS treads carefully on de-dollarisation: Main focus on payments, not a common currency
There is no mention of a common BRICS currency or a formal call for replacement of the US dollar. Instead, the document sticks to the more incremental, technocratic language the bloc has used since Rio and Kazan: interoperable payment systems, local-currency …
BRICS treads carefully on de-dollarisation: finance track talks payments, not a common currency
Speaking at the Forum, Iran’s president Masoud Pezeshkian said BRICS should develop a more resilient network of trade, investment and financing and expand the use of national currencies
BRICS chief backs de-dollarisation, says local currencies are the way forward
BRICS Chamber Chairman Sameep Shastri supports de-dollarisation for a multipolar economic system. He believes local currency trade and digital transactions offer developing nations a greater voice. Businesses face multiple costs when conducting internationa…