BRICS Must Settle $6.6 Trillion Worth of Foreign Exchange to Beat USD
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最新报道：BRICS nations must settle $6.6 trillion in annual foreign exchange transactions to effectively challenge the US dollar's dominance, according to recent analysis. The bloc—comprising Brazil, Russia, India, China, and South Africa—has been actively promoting de-dollarization through local currency trade agreements and exploring blockchain-based payment systems. However, experts note that overcoming the dollar's entrenched position in global reserves and trade settlements remains a significant hurdle. The group's New Development Bank is reportedly developing digital currency solutions to facilitate cross-border transactions among member states as part of long-term financial independence strategies.
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