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BRICS: India’s Plan to Ditch the US Dollar Becomes Impossible


BRICS: India Gets Reality Check, Ditching US Dollar Becomes ImpossibleVinod DsouzaJanuary 4, 2024BRICS member India had convinced 22 countries to accept the Rupee for international trade and ditch the US dollar. The majority of the countries hail from Asia, Africa, Latin America, and the global south. India also opened special Vostro bank accounts to make it easier to settle payments in their local currency, the Rupee. All the 22 countries had signed the agreement to trade a part of goods in the Rupee and sideline the US dollar. However, things are not going as planned for India as the majority of countries are now…

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