BRICS Continue To Discuss Alternative Payment Options to the US Dollar
The BRICS alliance continues to discuss new and alternative payment options to challenge the US dollar on the global stage. Russian Foreign Minister Sergey Lavrov confirmed that the alliance is looking to create a trans-border payment initiative. The idea is being discussed at the initiative of Brazil, which will host the 17th summit in Rio De Janeiro on July 6-7, 2025. Brazil will chair the upcoming summit to promote reform in global governance. Also Read: BRICS: Russia Explores Major Partnership With the U.S. BRICS vs the US Dollar: Alternative Payments Being Discussed Source: Cryptopolitian.com Suggestions to create a trans-border payment initiative are being floated by Brazil and could discuss the prospects at the upcoming summit in July. BRICS is looking for a payment settlement other than the US dollar and usher into a new global financial infrastructure. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade. Also Read: De-Dollarizat...