{
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brics aims to establish g20-like structure to enhance global influence

BRICS is moving towards establishing a G20-like structure to enhance cooperation and address alliance-specific issues, as highlighted by Brazilian Foreign Minister Mauro Vieira. The bloc aims to expand its influence, particularly after adding 13 new partner countries, while focusing on local currency trading rather than creating an official BRICS currency. This initiative seeks to counter Western dominance and strengthen ties among member nations amidst geopolitical tensions.
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United States Dollar Apple Inc. RUS USA BRA ZAF Donald Trump S. Jaishankar Sergei Ryabkov Mauro Vieira Show more
Finance & Economy, News Article
09:22 24.12.2024

brics nations clarify stance on us dollar amid de-dollarization concerns

Russia, India, and South Africa have clarified that BRICS is not seeking to undermine the US dollar's status as the world's reserve currency. Russian diplomat Sergey Ryabkov emphasized the group's willingness to discuss this with President-elect Trump, while India's External Affairs Minister S Jaishankar stated that India has no interest in de-dollarization, given its reliance on the US as a major trading partner. South Africa also refuted claims of a new BRICS currency, asserting that discussions focus on trading with national currencies among member states.
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United States Dollar Apple Inc. RUS IND ZAF Donald Trump Sergei Ryabkov S. Jaishankar Show more
Finance & Economy, News Article
20:01 22.12.2024
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