Russia reacts to Trump tariff threat: BRICS not seeking a dollar alternative
A potential “BRICS currency” will not be a rival to the US dollar, but rather a tool for mutual investment within the group, Kremlin spokesman Dmitry Peskov said.
Russia countered United States President Donald Trump’s tariff threat against BRICS while claiming the group has no intention to dethrone the US dollar.
BRICS — a group of emerging economies including Brazil, Russia, India, China and South Africa — does not plan to create a new common currency to replace the dollar, Kremlin spokesman Dmitry Peskov said, according to a Jan. 31 report by Reuters.
“The point is that BRICS is not talking about creating a common currency, nor has it ever done so,” Peskov stated.
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Author: Helen Partz
