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BRICS Pay Plan in Trouble? Experts Discuss Growing Challenges
BRICS Pay Plan in Trouble? Experts Discuss Growing Challenges
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The BRICS economic alliance has been working on reducing reliance on the US dollar by increasing the use of local currencies in international trade. A significant part of this strategy was the development of the BRICS Pay platform, aimed at facilitating trade among member countries using their own currencies. However, experts are now raising concerns about the challenges facing the BRICS Pay plan, including geopolitical shifts and adoption issues. These challenges could hinder the alliance's efforts to de-dollarize and integrate their economies more closely.
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