BRICS focuses on diversification over de-dollarisation
Edited By WION Video Desk
Published: Sep 11, 2026, 11:05 IST | Updated: Sep 11, 2026, 11:05 IST
BRICS countries are pushing currency diversification and local-currency settlements rather than an abrupt end to the US dollar’s role in global trade. Member nations are increasingly using currencies such as the rupee, ruble, yuan and dirham for bilateral trade to reduce transaction costs and strengthen financial cooperation.
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