Boost Domestic Economies

Boost Domestic Economies: Increased use of local currencies can strengthen domestic businesses and financial institutions. Reduce Vulnerability: Diversifying

After BRICS, a new alliance has kick-started the de-dollarization process and is using local currencies for trade and not the US dollar. The Commonwealth of

BRICS countries India and China agreed in the latest trade deal to use local currencies for import settlement with Maldives and not the US dollar. Maldives said on

BRICS Nations Aim to Ditch Dollar for Local

BRICS: 12 Countries Ditch US Dollar, Pay 85% Trade in Local

2 Countries Use Local Currency For Imports, Ditch US Dollar

BRICS: 2 Countries Use Local Currency For Imports, Ditch US Dollar

BRICS: 2 Countries Use Local Currency For Imports

Two BRICS Countries Officially Ditch the US

The new

BRICS Countries officially abandon the US dollar for trade

BRICS Alliance Pushes for Local Currencies Over US Dollar

The new $1.5 billion import bill by Maldives will see BRICS members India and China settle 50% in local currencies. Therefore, $750 million worth of cross-border transactions will be paid by