The global financial landscape is poised for a seismic shift as BRICS – (Brazil, Russia, India, China, and South Africa) – prepares for its annual President’s Meeting in Russia in 2024. While the world tunes in for the usual discussions on economic cooperation and aid, this year’s agenda is particularly noteworthy. BRICS is set to officially unveil a revolutionary plan to launch a new trading network that will not utilize the US dollar as the primary medium of exchange. Instead, this ambitious initiative proposes the use of a basket of local currencies, potentially reshaping global trade dynamics. The decision to…
Economy / FinanceAfricaNorth AmericaRussia
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