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BRICS hit: India and Indonesia don't give a damn about the dollar!
India and Indonesia, both BRICS members, will trade without the US dollar in order to strengthen their financial integration.
BRICS hit: India and Indonesia don't give a damn about the dollar!
Boom! The BRICS group strikes again, and this time with a bang! India and Indonesia, which have joined forces to form this dynamic economic community, have decided to dump the US dollar. They now want to conduct their borderless trades in local currencies! This landmark decision, sealed at a meeting between Narendra Modi and Prabowo Subianto in New Delhi, is pulling the mighty greenback where it hurts.
With the Indian rupee and the Indonesian rupiah as the new stars in the trading game, the two heavyweights of the BRICS want to drive regional financial integration and rev up their own economies. The future of the US dollar? Hmmm, let's just say things aren't looking rosy. For more information, reports watcher.guru about the background to this courageous step.
The hotly debated move away from the dollar was decided despite Trump's loud threats of 100% tariffs on imports to the USA. The news comes at a critical time as BRICS is determined to push the dollar into the background. Will global markets change? The tension is rising!