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IPFS News Link • Currencies

BRICS urged to boost national currency settlements to counter US' abuse of dollar hegemony

• https://www.globaltimes.cn

Chinese State Councilor and Foreign Minister Wang Yi would host the meeting with his counterparts from the bloc, during which BRICS foreign ministers will also have a dialogue with foreign ministers of emerging markets and developing countries, China's Foreign Ministry announced.

The dialogue is expected to further enhance solidarity, build consensus, and give emerging markets and developing countries a bigger say in global governance so as to better safeguard common interests, the ministry said.

Experts noted that it is necessary for BRICS countries to enhance trade ties and reduce dependence on the US-dominated payments system due to the US' abuse of dollar hegemony.


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