BRICS members emphasize expanding the use of local currencies

BRICS Foreign Ministers Express⁢ Concern Over U.S. Trade Policies, ⁣Call for ‌Expanded Use of Local Currencies

The‌ foreign ‌ministers of the BRICS bloc have voiced concerns over unilateral U.S. trade ⁢policies and urged greater use of local currencies in trade among member states. ⁢

According to the English section of Webangah​ News Agency, citing Mehr News Agency and Al-Mayadeen, the ministers criticized excessive ‍customs tariffs during their meeting in Rio de Janeiro, Brazil.

They emphasized the importance of expanding local currency usage for ‌trade and settlements​ within the group and with its partners. Member countries are preparing ⁤to strengthen their stance against U.S. unilateralism.