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BTCC / BTCC Square / Global Cryptocurrency /
BRICS Nations Accelerate Local Currency Transactions at 2025 Summit

BRICS Nations Accelerate Local Currency Transactions at 2025 Summit

Author:
Global Cryptocurrency
Published:
2025-07-06 18:22:01
6
2
BTCCSquare news:

President Vladimir Putin revealed at the BRICS 2025 summit in Rio de Janeiro that 90% of cross-border settlements among member nations now occur in local currencies, with the Russian ruble leading the charge. The shift underscores the bloc's concerted effort to reduce reliance on the US dollar and build an independent financial infrastructure.

Discussions at the summit focused on streamlining local currency payments through upgrades to logistics, insurance, and financial services. Russia and China are spearheading the de-dollarization push, with Beijing expanding its influence across Asia, Africa, and South America through currency diplomacy.

|Square

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