Jaishankar responds to claims of Brics undermining US dollar amid Trump’s 100% tariff threat

December 7, 2024

At a recent Brics summit in Kazan, Russia proposed “BRICS Pay,” a payment system akin to SWIFT and India’s Unified Payments Interface (UPI). The system aims to facilitate seamless cross-border payments in native currencies like the ruble, yuan, rupee, real, and rand read more

Indian External Affairs Minister S Jaishankar said Brics bloc is not looking to create a rival to the US dollar.…

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