Name: Annual BRICS Summit In South Africa
Uploaded: 2023-08-25T19:30:00+00:00
Duration: 5 min 21 s
Description: The 15th annual summit of BRICS has been held in the South African city of Johannesburg. The bloc's leaders have criticized the existing global payment systems, for being manipulated for political pur

8 months ago

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BRICS BRICS Summit Iran South Africa de-dollarization

The 15th annual summit of BRICS has been held in the South African city of Johannesburg.

The bloc's leaders have criticized the existing global payment systems, for being manipulated for political purposes, calling for using local currencies to facilitate trade and investment.

The bloc is trying to create an alternative payment mechanism to reduce the share of the US dollar in bilateral trade and business transactions.

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