Recently, a news has been widely circulated that India has started trading in rupiah with BRICS, leaving USD which is going towards complete de-dollarisation but later the Indian government said that this claim is wrong or misleading.
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Whether the matter is true or false, the main thing is that the US tariff crisis is a common blow, but India is trying to escape from it or derisking, as part of which there is a movement to introduce INR in international work. However, it seems to me that this tariff policy of America is a big threat to a country and because of which different countries of the world are joining BRICS. Now if BRICS can effectively create their own currency instead of the dollar and spread it, then BRICS will really be a strong counter to Europe and America. However, it is not yet clear whether the technical aspect of BRICS Pay will be centralized or decentralized in the future.
Source
Whether the matter is true or false, the main thing is that the US tariff crisis is a common blow, but India is trying to escape from it or derisking, as part of which there is a movement to introduce INR in international work. However, it seems to me that this tariff policy of America is a big threat to a country and because of which different countries of the world are joining BRICS. Now if BRICS can effectively create their own currency instead of the dollar and spread it, then BRICS will really be a strong counter to Europe and America. However, it is not yet clear whether the technical aspect of BRICS Pay will be centralized or decentralized in the future.