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India has made a big declaration amid speculation of a new BRICS currency. India's external affairs minister, S. Jaishankar, said there are no plans for a new BRICS currency and that the focus is on strengthening the national currency. The statement comes amid reports of new currency discussions at the BRICS Summit. However, this confirms that BRICS is considering alternatives to the dollar-dominated payment system. Some reports state that 41 countries, including Bangladesh, Egypt, Belarus, Iran, Saudi Arabia, and Indonesia, are even in favour of a separate BRICS currency. But BRICS is not keen on a currency as it could lead to problems in financial sectors. On the other hand, India wants the rupee to get stronger amid “de-dollarization.“ #brics #india #russia #china #brazil #southafrica #bricssummit #bricscurrency #indianrupee #usdollar #dollardominance #globalpaymentsystem #trader Hindustan Times Videos bring you news, views and explainers about current issues in India and across the globe. We’re always excited to report the news as quickly as possible, use new technological tools to reach you better and tell stories with a 360 degree view to give you a better understanding of the world around you.
