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BRICS nations agree to boost local currency trade to counter US

By PulseAugur Editorial · [1 sources] ·

BRICS nations have agreed to expand trade and payments using local currencies, a move aimed at de-dollarization and countering the United States. This agreement, part of the "New Delhi Declaration 2026," was unanimously adopted at the 18th BRICS summit. The bloc's Payment Task Force is tasked with developing a faster, cheaper, and more accessible cross-border payment system. AI

RANK_REASON Policy agreement by a major geopolitical bloc to reduce reliance on the US dollar. [lever_c_demoted from significant: ic=1 ai=0.1]

Read on SCMP — Tech →

AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

BRICS nations agree to boost local currency trade to counter US

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Policy agreement by a major geopolitical bloc to reduce reliance on the US dollar. [lever_c_demoted from significant: ic=1 ai=0.1]
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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Khushboo Razdan ·

    Under Trump’s shadow, Brics takes step towards de-dollarisation

    Brics countries agreed on Saturday to expand trade and payments in local currencies, making another step towards de-dollarisation as the bloc seeks to counter an assertive United States. Facing pressure from Washington, the member nations found enough common ground to overcome so…

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