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BRICS Accelerate Shift Away from Dollar in Trade, Embracing Local Currencies
BRICS Accelerate Shift Away from Dollar in Trade, Embracing Local Currencies
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The BRICS nations have crossed a pivotal threshold in global finance, with dollar-denominated trade among member states plummeting to just 33%. Russian Foreign Minister Sergey Lavrov confirms 67% of intra-bloc transactions now FLOW through local currencies—a deliberate dismantling of dollar hegemony.
This seismic transition fractures the West’s monetary stronghold, realigning financial gravity toward emerging economies. The MOVE signals institutional conviction rather than rhetorical posturing, with trade flows actively rerouting through alternative settlement systems.
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