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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 382.95-0.8%Nov 13 4:00 PM EST
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To: bull_dozer who wrote (191325)8/29/2022 4:18:58 PM
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BRICS president: Russia and India have no need for the U.S. dollar

Russia and India no longer need the U.S. dollar for mutual settlements, said BRICS International Forum President Purnima Anand.

A new mechanism has been established between the two countries, using only rubles and rupees, Anand told reporters last week.

"We have implemented the mechanism of mutual settlements in rubles and rupees, and there is no need for our countries to use the dollar in mutual settlements," Russian state news agency RIA quoted Anand as saying.

Anand added that a similar mechanism is being developed between Russia and China to eliminate the use of the greenback and employ only rubles and yuan.

kitco.com
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