Brics countries are exploring how

Brics countries are exploring how they can foster greater use of local currencies in their trade instead of relying on a handful of major currencies, primarily the US

Emerging economies want their local currencies to take first precedence by ending dependency on the US dollar. The prospects of the greenback are at stake as

BRICS is looking to dominate the food and crops sector and reduce the US dollar’s hegemony for trade settlements. Russia

At the August BRICS summit

Reliance on the dollar exposes them to fluctuations in US monetary policy and potential restrictions due to US sanctions. By promoting local currencies, they aim to: Gain

At the August BRICS summit in Johannesburg, the leaders of Brazil, Russia, India, China and South Africa said they wanted to use more of their national

BRICS: 2 Countries Ditch US Dollar, Settle 90% Trade in

The US dollar is losing

The US dollar is losing ground in Europe, where companies now demand transactions in local currencies. European banks and financial institutions are increasingly

BRICS To Accept Local Currencies for Fish Exports, Sideline US

BRICS: Local Currencies Gain Ground In Europe As The Dollar

BRICS Alliance Pushes for Local Currencies Over US Dollar

BRICS Continue To Discuss Alternative Payment Options to the US

Rising Use of Local Currencies in Cross-Border Payments - Policy

Brics countries are determined to trade in their own currencies