SALESFORCE ROLLS OUT
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BRICS made a deal to trade in their own currencies, cutting out the US dollar. Russia wants a multicurrency system to dodge sanctions and weaken dollar control.
Iran and Russia have finalised an agreement to trade in their local currencies instead of the U.S dollar, Iran's state media reported on Wednesday.
By 2025, around 20% of oil trade was conducted in non-dollar currencies, showing a tangible shift by BRICS countries towards reducing dollar reliance. At the recent
As Part Of The Brics
De-Dollarization: Russia, Iran Agree to Shun USD in
As part of the BRICS bloc, Iran and Russia are now making strides to reduce their reliance on the US dollar due to the heavy sanctions imposed by Western countries. In a
BRICS seals deal for international trade settlements in national
While Western Sanctions Aimed To
While Western sanctions aimed to economically isolate Russia, the Kremlin has intensified efforts to persuade other nations to abandon the dollar in favor of local
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