BRICS Nations Significantly Reduce US Dollar Use in Payments
BRICS Nations Significantly Reduce US Dollar Use in Payments
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BRICS members, particularly China and Russia, have drastically shifted their trade payment methods since 2022. The majority of their transactions, specifically 99.1%, are now conducted using currencies like the Chinese Yuan and the Ruble, moving away from the US Dollar as the primary medium for payments.
BRICS members China and Russia’s trade payments have experienced a drastic shift since 2022 after the White House…