BRICS Increases Use of National Currencies in Trade
- Over 65% of BRICS trade is now conducted in national currencies.
- The shift marks a significant reduction in the use of the U.S. dollar.
- Russian Foreign Minister Sergey Lavrov announced this development in Rio de Janeiro.
BRICS countries have reached a milestone, with more than 65% of their trade now using national currencies, as stated by Russian Foreign Minister Sergey Lavrov. This change signifies a major move away from reliance on the U.S. dollar.
Source (2.6)https://news.bitcoin.com/brics-slashes-us-dollar-use-to-one-third-as-local-currencies-surge-in-trade/?rand=52384
