BRICS News: 12 Countries Drop US Dollar, Conduct Majority of Trade in Local Currencies While Eyeing Crypto

The members of the CIS alliance have started conducting trade settlements in local currencies. The goal remains to alleviate the strains from over-dependence on the US Dollar. The Commonwealth of Independent States (CIS), consisting of 12 countries, now conducts most of its trades with local fiat currencies. This move aligns with the BRICS alliance’s de-dollarization [...]