Suche
Mein Konto
India defies BRICS: US dollar remains trading currency!
India reiterates support for US dollar at BRICS summit despite Trump threats to ensure trade stability.
India defies BRICS: US dollar remains trading currency!
India relies on the US dollar! While BRICS members discuss moving away from the dollar for trade, India makes a clear announcement: “We will stay with the dollar,” India’s Foreign Minister S. Jaishankar announced in Parliament. Despite threats from US President Donald Trump, who is threatening India and the BRICS nations with tariffs, India is sticking to the strong dollar. A bitter blow for the BRICS alliance, which would like to introduce a new global currency.
The mega-alliance already has countries like Russia, China and Iran, all hoping to disempower the greenback. But Brazil, as chairman of the 17th BRICS summit, and now India are standing in the way! A new world without the dollar? Currently a no-go for India and Brazil, as a report from Reuters underlined. The idea of a common BRICS money is off the table for now, the dollar's dominance remains unchallenged.
There are details about this explosive development, as watcher.guru reports.