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TEHRAN (Tasnim) – The US dollar is losing its global role in an “objective and irreversible” process, the Russian president told participants at the BRICS Summit in Russia's President Vladimir Putin says the shift away from the US dollar in internal trade among the members of the BRICS, an intercontinental geopolitical bloc, is an irreversible process. Russian President Vladimir Putin insisted last August that a drop in the importance of the U.S. dollar was irreversiblebut there appears to be no sign that the BRICS, a group of five emerging economies Brazil, Russia, India, China, and South Africa, is said to be working on a common currency to counter the US Dollar Russia’s President Vladimir Putin told the Brics Summit, through a pre-recorded message since he cannot participate in person due to his international warrant of The US dollar is losing its global role in an “objective and irreversible” process, the Russian president told participants at the BRICS Summit in South Africa on Russian President Vladimir Putin said the BRICS grouping of countries was on course to meet the aspirations of most of the world’s population, according to recorded Russian President Vladimir Putin tempered expectations on de-dollarization at BRICS's summit. Putin said BRICS was aiming to use local currencies, not to create a Speaking at the ongoing BRICS Summit, Russian President Vladimir Putin says that the fading global role of the US dollar is an “objective and irreversible” process. The Putin called the dollar’s drop in dominance “objective and irreversible,” in an address at the 15th BRICS Summit in Johannesburg via video link on Tuesday. Rich young

Putin Says Fading US Dollar is an Irreversible Process: BRICS Summit Focuses on De-Dollarization

Russian President Vladimir Putin has declared the decline of the US dollar\'s global dominance as an "objective and irreversible" process, a key topic at the ongoing BRICS Summit. Speaking at the summit, largely through pre-recorded messages due to his international warrant, Putin emphasized the shift away from the US dollar in internal trade among BRICS members.

TEHRAN (Tasnim) – The US dollar is losing its global role in an “objective and irreversible” process, the Russian president told participants at the BRICS Summit in South Africa. Putin called the dollar’s drop in dominance “objective and irreversible,” in an address at the 15th BRICS Summit in Johannesburg via video link on Tuesday.

While some reports suggest BRICS, comprised of Brazil, Russia, India, China, and South Africa, is working on a common currency to counter the US dollar, Putin tempered expectations. He clarified that BRICS is primarily focusing on using local currencies in trade, rather than creating a single currency. Russian President Vladimir Putin said the BRICS grouping of countries was on course to meet the aspirations of most of the world’s population, according to recorded.

Russian President Vladimir Putin insisted last August that a drop in the importance of the U.S. dollar was irreversible, and he reiterated this stance at the current summit. This push for de-dollarization comes as the BRICS nations seek to increase their influence on the global stage.

Despite Putin\'s strong words, some analysts note that there appears to be no immediate sign of the US Dollar\'s complete demise. However, the increasing use of local currencies within BRICS and other nations signals a gradual shift in the global financial landscape. Russian President Vladimir Putin says the shift away from the US dollar in internal trade among the members of the BRICS, an intercontinental geopolitical bloc, is an irreversible process.

The future of the US dollar and the BRICS\' de-dollarization efforts will continue to be a major point of discussion in international finance. Rich young.

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