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BRICS to reshape global trade with local currencies
The article discusses the BRICS Summit 2026 held in New Delhi, focusing on the group's trends toward changing the global trade landscape and emphasizing the use of local currencies among member countries. It notes that the percentage of trade exchanged between member states using national currencies has reached 67%, reflecting significant potential for economic transformation, despite challenges related to trade balance imbalances between countries such as India and China. Additionally, the article highlights the importance of establishing a new Development Bank to support emerging economies, with an emphasis on reducing transfer costs and diversifying payment methods, especially with the expected growth in digital currency usage and a move away from dependence on the dollar in international transactions.
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