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Russia has once again clarified its stance, stating that it has no interest in challenging the US dollar in any way. As an active member of the BRICS alliance, Russia has often faced scrutiny for collaborating with other nations to undermine the US dollar and question its global dominance and prestige Also Read: BRICS Has Tarnished the US Dollar’s Brand Value, Admits Strategist The Kremlin Clarifies Why It Has No Plans To Challenge USD Source: Pixabay Per the latest Reuters report, the Kremlin clarified on Tuesday how BRICS, as an alliance, has never targeted third countries or the US dollar. This clarification has come after US President Donald Trump accused the bloc of challenging the US dollar. He stated that the bloc is an attack on the US dollar. The Kremlin’s response came after Trump’s statement, with the nation stating how the alliance has no interest in attacking the USD. The Kremlin rejected President Donald Trump’s claim that BRICS was designed to undermine the U.S. dol...

At the BRICS Forum Trade in Brazil this week, Nigeria’s House Committee on Foreign Affairs, Wole Oke, called on all global alliances to stand united and join the force to topple the US dollar as the world’s reserve currency. The Foreign Minister also said that BRICS must start trading in local currencies and other alliances will follow suit. He called for the African Union, the ASEAN bloc, MERCOSUR, and all other global alliances to join hands with BRICS and settle trade in local currencies and not the US dollar. The call to uproot the US dollar is growing lately with emerging economies looking to cut ties with the greenback. Also Read: BRICS: 71 Countries Settled Trade Without the US Dollar “BRICS is not a closed club. Let’s work with the African Union, ASEAN, and MERCOSUR to shape a new global trade order that is fair and inclusive,” he said to Punch Newspaper. Oke said that the traditional way of the financial sector must end ushering the world into a new era of finances. The ...