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 Year of the Dragon Sparks Optimism for S&P 500's Flight to New Heights READ MORE WGC: Gold Demand to Hit Record With Central-Bank Buying READ MORE Israel Escalates Conflict with Hezbollah, Claims Killing of Top Commander in Beirut Strike READ MORE Strong Dollar Streak Hits One-Year High on Delayed Fed Cuts READ MORE Bitcoin: A Complement to Traditional Safe Havens like Gold and Silver READ MORE Add a Comment Cancel replyYour email address will not be published.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