De-Dollarization: BRICS Shifts $260 Billion Trade Away from Dollar Amid concerns over America’s surging $34.6 trillion debt, the BRICS nations are moving away from the dollar in their trading practices. China and Russia, key members of the alliance, plan to execute $260 billion in trade exclusively using the Russian ruble, Chinese yuan, and some euros, sidestepping the American dollar entirely. This strategy, expected to be adopted by other BRICS members soon, has prompted a mixed response of diplomacy and threats from the U.S. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Oxford: Recession Fears Ease as US Economy Shows Signs of Stabilization READ MORE Harmony Gold Announces Record Dividend as Profits Skyrocket READ MORE Fed's Daly: Cooling Inflation May Warrant One or Two Rate Cuts in 2024 READ MORE Higher Inflation Challenges South Africa's Economic Stability READ MORE Pierre Andurand Predicts Copper Prices to Quadruple Amid Green Energy Boom READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment