Brazil backs BRICS’ push to trade in national currencies, urging reduced U.S. dollar reliance despite business preference for its liquidity and dominance in private transactions. BRICS Accelerates Local Currency Trade as Brazil Declares Full Support for Shift Brazil’s Finance Ministry has reaffirmed its dedication to expanding the use of national currencies in trade between BRICS (…)
Source: https://news.bitcoin.com/brics-expands-currency-independence-plan-as-brazil-champions-dollar-free-deals/