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  • Jindra Erfmann

BRICS and Settlement of Global Trade Flows

The BRICS block is transforming the global economic and geopolitical landscape. By reducing their reliance on the US dollar and promoting the use of local currencies in international trade, the BRICS nations are challenging the established global financial order. This shift is likely to have a significant impact on global trade, as well as the power dynamics between the BRICS bloc and the Western World.

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