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BRICS Alliance Announces New Payment System Aiming to Challenge US Dollar Dominance
BRICS Alliance Announces New Payment System Aiming to Challenge US Dollar Dominance
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The BRICS alliance has made a significant announcement regarding the launch of a new payment system. The aim is to challenge the dominance of the US dollar in global transactions. According to Russian Foreign Minister Sergey Lavrov, the upcoming payment mechanism is different and could disrupt the financial markets. It is expected that the new system will be open to all countries, allowing for cross-border transactions without the need for the US dollar. This could lead to revolutionary changes in global trade over the next decade.
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