BRICS Moves to Local Currency Trading: BRICS Currency Dead?
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最新报道：BRICS nations are shifting towards local currency trade settlements, effectively sidelining the long-discussed idea of a common BRICS currency. The bloc, which recently expanded to include Egypt, Ethiopia, Iran, and the UAE, is focusing on reducing reliance on the US dollar by promoting transactions in member states' national currencies. This strategic pivot comes as the group's economic influence grows, with the expanded BRICS now representing over 45% of the global population and a significant portion of oil production. While the move strengthens local currencies and reduces dollar dependency, it marks a quiet abandonment of earlier ambitions to create a unified BRICS currency to challenge the dollar's dominance in global trade.
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