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Tensions at BRICS: India opposes dollar abandonment!
BRICS disagrees over US dollar exit: India is blocking as a key player, despite the alliance's long-standing anti-dollar stance.
Tensions at BRICS: India opposes dollar abandonment!
Excitement in the global financial carousel! The powerful BRICS bloc, known for its opposition to the US dollar, is suddenly at a crossroads. As Western countries and the Global South continue to engage in geopolitical power struggles, one nation from the BRICS alliance stands out and declares: “The dollar remains!” A dramatic twist that has the whole world in suspense!
Donald Trump's return to the political front has reshuffled the cards. With threats of 150% tariffs, the former US president appears to have provoked divisions within the BRICS bloc. The bloc, which has been calling for a decoupling from the green bill for years, is being forced by Trump's hard edge to rethink its de-dollarization approach. But not all members are doing the dollar dance. According to a recent report, India has no interest in replacing the US dollar in BRICS trade. Foreign Minister Subrahmanyam Jaishankar praised the dollar as a “source of international economic stability” and appreciated the good relations with the US. Unity looks different!
The details of this turbulence are outlined a comprehensive report on watcher.guru. There it becomes clear that the BRICS are divided in their intention to operate with local currencies. While the world wonders what will happen next, only one thing remains certain: the dance for power in the international financial arena is more hectic than ever.