BRICS Settle International Trade
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foreign currency reservesCryptopolitan
•BRICS seals deal for international trade settlements in national currencies
71% Informative
BRICS nations have struck a deal to settle international trade in national currencies.
Russia is pitching a new “multicurrency payment system’s” system to “ring-fence” participating countries from pressures like US sanctions.
The US dollar is used in 58% of international payments and 54% of trade invoices.
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