Reports indicate that BRICS nations—including rivals India and China, alongside Russia, Brazil, and South Africa—are strategising to counter U.S. President Donald Trump’s aggressive economic policies.
In an interview with Business Standard, Brazil’s Ambassador to India, Kenneth da Nobrega, revealed that BRICS nations are exploring trading in their respective currencies to mitigate economic risks posed by Trump’s policies.
The ambassador said this initiative isn’t aimed at any single currency but seeks to strengthen economic ties and promote a more democratic and diverse global financial system.
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