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Modi wants #BRICS de-dollarization — but only with US’ permission Rotating BRICS chair India is in favor of dedollarization in trade between bloc members using local currencies and CBDCs, but not a mechanism that “could be seen as a challenge to the dollar,” Bloomberg reports, citing informed sources. A SWIFT-like unified, block-wide cross-border settlement system, pushed heavily by #Russia, is not on the cards at the New Delhi summit, the sources said
