Brazil

BRICS: New Country Rejects Local Currency for Oil, Wants US Dollar

BRICS Countriesofficially abandon theUS dollarfor trade

Brazil's President called on Wednesday for the BRICS nations to create a common currency for trade and investment between each other, as a means of reducing their

Three of the sources said

BRICS: 2CountriesPlan to LaunchNew Currency, EndUS Dollar

Two BRICS countries are closely working towards launching a common currency and sideline the US dollar for trade and transactions. Both the countries are

Three of the sources said Brazil is instead pushing reforms within Brics to ease international payments in local currencies, opening the door to less dependence on the

India made it clear that

Brazilrejects Brics currency, aims to rely less ondollar

BRICSmember Indiarejectsde-dollarization - embracesUS dollar

India made it clear that it has no plans to end its reliance on the US dollar and will use the currency for trade and transactions, where it remains a necessary form of

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Oil marketers and distributors in Nigeria have rejected local currencies for oil and are opting for the US dollar instead. Nigeria’s Naira-for-crude oil transaction framework

U.S. President-elect Donald Trump has warned the BRICS countries that if they attempt to replace the “mighty U.S. dollar” they would face “100 percent tariffs and should

Hace 5 días Another win for the U.S.$ Not every country is falling in love with the BRICS agenda of replacing the U.S.dollar with local currencies for oil. The settlement of oil payments in

The decision by Russia

The decision by Russia, Iran, and other BRICS nations to shift away from the US dollar in favor of local currencies is a defining moment in the evolution of global trade

BRICS Country RejectsDe-Dollarization, Embraces theUS Dollar

BRICS CurrencyMay Not Upstage theUS DollarAnytime Soon

In a new twist of

Explainer: What is aBRICS currencyand is theU.S.dollarin

In a new twist of events, BRICS member India has confirmed that it will not target the US dollar amid the de-dollarization agenda that has engulfed the global financial

Oil marketers and distributors in Nigeria have rejected local currencies for oil and are opting for the US dollar instead. Nigeria’s Naira-for-crude oil transaction framework laid out by the