Brazil Ditches BRICS Currency Plan, Favors Trade in National Currencies
Submitted by Anonymous (not verified) on Mon, 02/17/2025 - 09:00
Brazil has reportedly decided against pursuing a common currency for the BRICS nations during its presidency this year. Instead, the focus will be on facilitating trade in local currencies, a move that’s been met with warnings from U.S. President Donald Trump about challenging the U.S. dollar’s dominance. The BRICS bloc has been exploring alternatives to […]