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India stands against BRICS: US dollar remains trading currency!
India resists BRICS de-dollarization pressure, continues to rely on US dollars for trade and transactions.
India stands against BRICS: US dollar remains trading currency!
BRICS in turmoil! India caves in and sticks to using the US dollar! Now it's getting exciting: Despite the loud noise of de-dollarization that is shaking the global financial landscape, India has decided: the dollar is here to stay!
In a dramatic turnaround, India's Foreign Minister S. Jaishankar has dropped the bombshell. “We are not targeting the US dollar,” he explained bluntly. And further: India uses the dollar where it is accepted and sees no reason to abandon it. No wonder China and Russia, the engines behind the de-dollarization rhetoric, are probably not happy. Because more details about this particular step can on watcher.guru be read.
The world is listening: India, a heavyweight within the BRICS alliance, wants to say goodbye to plans that target the US currency. “No malicious plan against the dollar,” asserts Jaishankar. This surprising move could not only set the BRICS summit on fire, but also upend the global financial game. Is India protecting its economy while taking the pulse of the world? It will be interesting to see what happens next!