Russian President Vladimir Putin described the de-dollarization process taking place in the BRICS area (Brazil, Russia, India, China and South Africa) as irreversible. He made the relevant statement via a video message to the participants of the Cooperation Forum held in Johannesburg as part of the XV BRICS Summit. TASS.
“The objective, irreversible process of de-dollarization of our economic ties is gaining momentum, efforts are being made to develop effective mechanisms for mutual reconciliation and monetary and financial control. As a result, the share of the dollar in import-export operations within the BRICS is decreasing.”
According to him, it was only 28.7% in 2022.
Previously reportedIt was reported that the BRICS leaders will discuss the conclusion of an agreement that will increase the share of trade agreements in national currencies among the member states of the union at the summit in Johannesburg.
Prior to this, Junge Welt wrote that the BRICS countries are actively expanding trade in national currencies, thereby showing: got up towards de-dollarization. It was noted that the countries of the association intend to circulate their own currencies, which will be supplemented by other raw materials such as gold and silver or rare earth metals.
It was previously reported that there could be a unipolar economic system. collapse Because of the actions of BRICS.