Browsing Tag
Local Currency
79 posts
This BRICS Country Settled 60% of its Foreign Trade in Local Currency
A BRICS member announced that it had settled 60% of its foreign trade in local currency and not…
BRICS in Action: India Increasingly Dumps US Dollar for Oil Trade
Just when the US allowed India to procure Russian oil in early March, the BRICS country chose to…
Russia Clarifies BRICS Currency Not on Agenda
A common BRICS currency is not on the agenda for the 2026 summit, clarifies Russia’s Deputy Foreign Minister,…
BRICS Hardly Using the Dollar: 60% of Transactions in Local Currencies
BRICS is hardly using the US dollar for trade, as the latest data from the VTB Bank shows…
Money Must Flow Directly: Why Should BRICS Pay in the US Dollar?
The BRICS alliance wants its local currency to flow directly to the trading party and not the US…
BRICS Nation With $4 Trillion GDP Settles 90% Trade in Local Currency
Russian President Vladimir Putin is in India, holding talks with Prime Minister Narendra Modi in New Delhi. The…
US Dollar Out: $5.2 Billion Worth of Deals Paid in Local Currencies
Russia and Kyrgyzstan have a trade turnover of over $5.4 billion from 2024 to 2025. Among these, over…
BRICS Bank To Fund Climate Projects in Local Currencies
Dilma Rousseff, the President of the New Development Bank (NDB), announced that BRICS will fund climate finance in…
BRICS Announces Right To Uphold Trading in Local Currencies
Brazil’s Finance Minister Fernando Haddad criticized the White House for weaponizing the US dollar and said in a…
BRICS De-Dollarization Reversal: Focus Shifts to Local Currency Trade
The BRICS de-dollarization reversal has actually become quite apparent as member countries are now stepping back from their…
