The use of national currencies in settlements between BRICS countries has exceeded the volume of transactions in US dollars. This was stated by Samip Shastri, Vice President of the BRICS Chamber of Commerce and Industry, at the “Cloud Cities” forum. According to the report “Forum on the Future of BRICS Cities” RIA Novosti.
According to Shastri, BRICS member countries are keen to switch to bilateral agreements in national currencies as it allows them to avoid the additional costs associated with using the dollar.
“Using dollars incurs additional costs, and when I pay directly in rubles or rupees, these costs are eliminated,” he said.
It is worth noting that the trend towards de-dollarization has been observed in the BRICS for a long time. In June 2024, foreign ministers of partner countries emphasized the importance of wider use of national currencies in payments within the BRICS.
From the beginning of 2024 to BRICS joined Russia, which will assume the BRICS presidency in 2024, will hold more than 200 political, economic and social events under the slogan of strengthening multilateralism for equitable global development and security.
It was previously reported that the request to join BRICS could be realized. To send Palestine.