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Brics nations divide on US dollar replacement, with India declaring ‘no interest’

Bloc ‘has not formed a unified position’ on proposals to end reliance on the currency.



Brics nations are divided on replacing the US dollar. India has stated it has "absolutely no interest" in undermining the dollar, viewing it as a source of international economic stability, and believes the Brics bloc lacks a unified position on an alternative payment system. While some Brics nations seek to reduce reliance on the dollar, China has been promoting the yuan as an alternative.

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