business π° BRICS cautious on ditching the dollar
BRICS nations showed caution regarding de-dollarisation during their recent Finance Ministers meeting. The bloc, comprising various countries, stressed interoperable payment systems instead of a common currency. The discussions happened in Mumbai ahead of the BRICS Summit on September 12, 2026. Despite this, Iranian and Russian leaders pushed for expanding national currency use to reduce financial vulnerability. Moving away from the dollar remains complex due to market depth and differing national economic stages. π