The United Arab Emirates

With major oil exporters joining BRICS, local currency settlements

BRICS Nations Revolutionise Oil Trade with Local

The United Arab Emirates (UAE) is asking BRICS countries to settle oil trade in local currencies and not the U.S. dollar. The Middle Eastern nation is aiming to diversify its economic

BRICS members India and Indonesia

BRICS members India and Indonesia have officially agreed to abandon the US dollar and settle cross-border transactions in local currencies. The decision to use local

BRICS: 2 Countries Officially Look to Trade in Local Currencies

BRICS members Brazil and China have officially agreed to settle cross-border payments in local currencies rather than the US dollar. Brazilian authorities support expanding

After BRICS

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 Settle 78% Oil Trade in Local Currencies, Ditch

2 BRICS Countries Settle Oil Trade in Local Currency, Ditch US Dollar

With Iran

With Iran, Saudi Arabia and the United Arab Emirates joining BRICS, the multilateral mechanism now includes major global oil producers and importers. Analysts said

BRICS: UAE Ditches U.S. Dollar for Oil Trade - infobrics.org

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

The BRICS alliance is advancing

BRICS: 2 Countries Officially Agree To Ditch the US Dollar For Trade

The BRICS alliance is advancing by putting local currencies at the forefront of global trade, not the US dollar. The newly joined members of the bloc, Saudi Arabia and the UAE are partnering with existing members India, China, and Russia to settle oil trade in local