India officially supports the plan

India officially supports the plan for the BRICS alliance to create a united payment system to ditch the US dollar. The idea was first proposed by Iran earlier this month, with the idea being to unite all of the BRICS members’ native currencies into

India and Indonesia, two key members of the BRICS alliance, have officially agreed to abandon the US dollar for cross-border transactions, opting instead to settle trade in their respective local currencies.

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BRICS is Shaping a Future Without the Dollar - brics

India officially supports the plan

India officially supports the plan for the BRICS alliance to create a united payment system to ditch the US dollar. The idea was first proposed by Iran earlier this month, with the idea being to unite all of the BRICS members’ native currencies into

India ‘takes note’ of new payment system proposed at BRICS

India Wants New BRICS Payment System To Bypass US

This initiative was proposed as

This initiative was proposed as an alternative to the dollar-based trading system and a sanctions-resistant payments networkleveraging central bank-issued digital currencies backed by fiat currencies.