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 August Sees Surge in Consumer Optimism, Despite Labor Market Worries READ MORE China's Economic Woes Lead to Record Gold Buying Spree READ MORE Why Have Central Banks Been on a Gold-Buying Spree? READ MORE Federal Reserve's Anticipated Moves and Corporate Earnings Drive Market Watch READ MORE World Gold Council Podcast — Unearthed: Gold in technology throughout the ages READ MORE Add a Comment Cancel replyYour email address will not be published.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