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BTCC / BTCC Square / Global Cryptocurrency /
BRICS Nations Advocate for Trade in National Currencies, Challenging Dollar Dominance

BRICS Nations Advocate for Trade in National Currencies, Challenging Dollar Dominance

Author:
Global Cryptocurrency
Published:
2026-02-23 14:01:01
14
1
BTCCSquare news:

Brazilian President Luiz Lula da Silva has called for BRICS nations to prioritize trade in national currencies, marking a significant push toward de-dollarization. The proposal, which includes settling payments between Brazil, India, and China without using the US dollar, is expected to face resistance from the US. Finance ministers and central bank officials are tasked with developing a framework for this transition.

The MOVE comes as BRICS members secure trade deals with the US to circumvent tariffs, highlighting growing efforts to reduce reliance on the dollar. The topic will be a key agenda item at the upcoming BRICS summit in India, where leaders will discuss mechanisms to implement the shift.

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