Sharm El-Sheikh Action Plan of COP27

BRICS Advocates for Increased Use of Local Currencies in Member Trade

The BRICS Foreign Ministers convened in Nizhny Novgorod, Russia, on Monday to discuss various topics, notably the increased use of local currencies in trade and financial transactions among BRICS countries. They acknowledged the necessity for a comprehensive overhaul of the global financial system. "They recalled paragraph 45 of the Johannesburg...