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 Yen Predicted to Weaken to Lowest Since 1986 Amid Rate Disparities READ MORE Tech Titans Propel S&P 500 to Unprecedented 5,600 Milestone READ MORE Inflation Debate Heats Up: Biden Targets Trump's Economic Plans READ MORE LBMA Releases Precious Metals Market Report: Q4 2023 READ MORE From Luxuries to Groceries: The Evolving Landscape of Buy Now, Pay Later READ MORE Add a Comment Cancel replyYour email address will not be published.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