This system pegged the dollar to gold and other currencies to the dollar, ensuring stability and making the dollar central to international trade.
Reports suggest that the financial platforms of the Brics group, including the New Development Bank and the Contingent Reserve Arrangement, are currently prioritising sustainable development and financial stability over the introduction of a unified currency.
Kazan: PM Narendra Modi with Russia's President Vladimir Putin, China's President Xi Jinping, South Africa's President Cyril Ramaphosa, and other world leaders during the 16th BRICS Summit, in Kazan, Russia, Wednesday, Oct.23, 2024.
The story "Explained: What is de-dollarisation and why Trump warned Brics nations?" has 933 words across 39 sentences, which will take approximately 4 - 8 minutes for the average person to read.
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