Browsing Tag
Local Currency
85 posts
Russia Aims For BRICS Declaration With 90% Trade in Local Currencies
Russia hopes for a consensus declaration at the upcoming BRICS summit, with member nations agreeing to settle nearly…
China & Egypt Agree To Settle in Local Currency, Move Away From US Dollar
China and Egypt have officially agreed to settle cross-border transactions in local currencies and move away from the…
Only 35% of Trade Among BRICS Countries Settled in the US Dollar
The BRICS alliance has taken its de-dollarization agenda quite seriously since 2022 and has begun using local currencies…
India & Indonesia in Final Stages To Link Local Currency Payments
India and Indonesia put forward a new payment mechanism in 2024 and are now in the final stages…
India, Russia Begin De-Dollarization To Hit $100 Billion Trade Target
Russia and India had made a bilateral trade deal in 2025 to reach a $100 billion target by…
America Caught in a Myth That De-Dollarization Is No Longer a Threat
The US is now caught in a web of myth that de-dollarization is not a threat and is…
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…