BRICS Slashes US Dollar and Euro Transactions to Below 30%

Publikováno: 12.10.2024

#Economics #Anton Siluanov #brics #dedollarization #Dollar Decline #euro decline #national currencies #russian ruble #western sanctions

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BRICS Slashes Dollar and Euro Transactions to Below 30%

BRICS nations are increasingly using national currencies, with 65% of transactions now conducted in local currencies, according to a Russian finance official. The U.S. dollar and euro account for less than 30% of payments among member states, signaling a strategic shift to reduce dependency on Western financial systems. The trend has accelerated due to sanctions […]