BRICS member states don’t oppose the use of the U.S. dollar in global trade but believe it is important to develop alternative mechanisms for international settlements, international affairs advisor to the South American nation’s president Celso Amorim said.
"Many wonder if the U.S. dollar will be abandoned. No one is planning to do that. The United States is a big country whose economy is crucial for the entire world. However, there still needs to be an alternative," Celso Amorim said.
According to him, BRICS nations continue discussions of potential payment mechanisms that the group’s members could adopt, TASS reported.
"People keep saying that BRICS should shift to trade in national currencies. Indeed, it is one of the options. However, all these projects are currently in the development stage," Celso Amorim said.
In 2025, Brazil assumed the chairmanship of the BRICS group.
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