BRICS Economies Shift from US Dollar for Oil Trade, Saving $17 Billion: Is Bitcoin Poised to Challenge the USD as Global Settlement and Reserve Currency?
BRICS countries like China and India save billions by trading oil in their local currencies instead of the US dollar. The BRICS alliance, now expanded with new members, aims to diminish the dominance of the US dollar in international oil trade. In a significant development that challenges the traditional dominance of the US dollar in […