News Formal

BRICS finance ministers urged to consider local currencies for the group

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 51%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Brazil, Russia, India, China and South Africa have requested their finance ministers and central bank governors to consider native currencies for the group.

US dollar banknotes are displayed in this illustration taken, February 14, 2022.

This recent decision has been trending, with questions raised about the BRICS group’s ability to shift away from trading in US dollars. “We have noted that there is global momentum for the use of local currencies, alternative financial arrangements, and alternative payment systems. As BRICS, we are ready to explore opportunities for improving the stability, reliability, and fairness of the global financial architecture.

Although implementation appears to be a long way off, the topic has attracted important interest, with some skeptics and others optimistic.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 37. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Brazil BRICS Business Council adopts plan to enhance trade within blocChairperson of the Brazil BRICS Business Council Jose Serrador says the council has adopted a plan of action to enhance trade within the bloc.
Fonte: SABC News Online - 🏆 32. / 51 Consulte Mais informação »