BRICS Makes Major Announcement on De-Dollarization
The major announcement from the BRICS alliance is that the bloc is divided on the global de-dollarization agenda. The nine-member alliance is seeing divisions as cracks open up from all sides on what the group stands for. While some countries want to launch a new common currency for trade and transactions, others don’t. The breaking up of ideas is causing a split within the group with each country wanting different agendas. Also Read: More Countries Ready to Join BRICS Alliance BRICS: India & Brazil Announce ‘No Interest’ in De-Dollarization BRICS member India has made it clear that it has no interest in ending reliance on the US dollar and will not pursue the de-dollarization agenda. Foreign Minister S. Jaishankar said that India has “absolutely no interest” in undermining the US dollar. He said that the country “has never had a problem” with the greenback and has no plans to replace it. Also Read: India Officially Dismisses BRICS Currency, Praises the US Dollar ...